309 Steart StRockportTX78382
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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 309 Steart St, Rockport, TX, 78382 priced at $319,999 pairs $2,598/mo rent with $323/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,598/mo, and annual cash flow comes to $3,872/yr on $106,080 invested. Return on cash invested is 23.56% in year one, and rental yield stands at 9.74% on a $319,999 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 123.62% and total cumulative return in cash reaches $131,139. For financing, Ziffy Mortgage’s DSCR program evaluates $2,598/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,000 sqft lot
$N/A/sqft
No 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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