263 Cockle DrPort IsabelTX78578
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Port Isabel at 263 Cockle Dr, Port Isabel, TX, 78578 uses $77,903 cash to close to unlock $1,549/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $2,154/mo, and a $1,150/mo payment keeps the spread at $129/mo. Purchase price stands at $235,000, and rental yield measures 11% with $2,154/mo rent. Return on cash invested shows 21.9% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 116.74% and total cumulative return in cash records $90,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,154/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1999
1 Acres lot
$N/A/sqft
$354 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78578, Port Isabel, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 2,632 (42.1%) |
| Renter Occupied HU | 1,490 (23.8%) |
| Vacant Housing Units | 2,135 (34.1%) |
| Median Home Value | $320,382 |
| Average Home Value | $351,909 |
Housing Distribution
Address Breakdown
Residential
4,035
Single Family
4,002
Multi-Family
33
Businesses
329
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Listed by: Padre Elite Team • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #103232
Disclaimer: Information provided by South Padre Island BOR is deemed reliable but not guaranteed. South Padre Island BOR data is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.