302 Saint Andrews St APT I-101RockportTX78382
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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
Rental property for sale in Rockport at 302 Saint Andrews St APT I-101, Rockport, TX, 78382 generates $1,293/mo in rent and, after a $832/mo payment, leaves $51/mo in cash flow. Total monthly income is $1,293/mo, and annual cash flow is $615/yr on $56,355 invested. Return on cash invested sits at 21% in year one, and rental yield is 9.13% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 110.23% and total cumulative return in cash sums $62,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,293/mo property income rather than buyer’s personal income.
Condo
Built in 1986
4.39 Acres lot
$N/A/sqft
$395 annually 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: Nelida Spurrell • Spears & Co Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #456503
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-03-24 19:57:40 PDT. 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.