2700 Gulf Blvd #104South Padre IslandTX78597
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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 South Padre Island at 2700 Gulf Blvd #104, South Padre Island, TX, 78597 listed at $680,000 pairs $6,344/mo rent with a $3,328/mo payment to leave $1,509/mo cash flow. Total monthly income runs $6,344/mo, and annual cash flow reaches $18,104/yr on $223,720 cash to close. Return on cash invested measures 28.15% in year one, and rental yield registers 11.2% at a $680,000 basis. Equity gained on principal adds $4,388/yr, and annual property appreciation at 5% supports $187,871 by year five. Five-year ROI tracks 148.24% and total cumulative return in cash totals $331,632. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,344/mo property income relative to a $3,328/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78597, South Padre Island, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 745 (13.9%) |
| Renter Occupied HU | 415 ( 7.7%) |
| Vacant Housing Units | 4,207 (78.4%) |
| Median Home Value | $453,713 |
| Average Home Value | $480,027 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
374
Multi-Family
215
Businesses
443
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Listed by: Hector Cardoza • Altus Real Estate Group, LLC
Mls Name: SPIBOR
Mls ID: #101536