29 Harbor VwLaguna VistaTX78578
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Laguna Vista at 29 Harbor Vw, Laguna Vista, TX, 78578 priced at $374,000 converts $3,611/mo rent into $951/mo cash flow after a $1,831/mo obligation. Total monthly income equals $3,611/mo, and annual cash flow totals $11,412/yr on $123,981 invested. Return on cash invested prints 29.11% in year one, and rental yield reads 11.59% against a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation compiles into $103,329 by year five. Five-year ROI reaches 153.4% and total cumulative return in cash sums $190,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,611/mo property income covering a $1,831/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kate Wilson • Key2Sold Realty
Mls Name: SPIBOR
Mls ID: #104495