292 Reserve Ln #201RockportTX78382
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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 Rockport at 292 Reserve Ln #201, Rockport, TX, 78382 earns from $2,640/mo rent with a $4,234/mo payment. Total monthly income totals $2,640/mo. ROI tracks -2.49% on current figures, and rental yield reads 3.66% at a $865,000 purchase. Equity gained on principal adds $5,582/yr, and 5% annual appreciation supports $238,984 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Condo
Built in 2016
5,492 sqft lot
$N/A/sqft
$1,837 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78382, Rockport, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,438 (100%) |
| Owner Occupied HU | 7,277 (50.4%) |
| Renter Occupied HU | 2,366 (16.4%) |
| Vacant Housing Units | 4,795 (33.2%) |
| Median Home Value | $309,755 |
| Average Home Value | $392,083 |
Housing Distribution
Address Breakdown
Residential
10,644
Single Family
9,525
Multi-Family
1,119
Businesses
703
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Listed by: Alissa Spears • Spears & Co Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #441200
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.