310 Padre BlvdSouth Padre IslandTX78597
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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 South Padre Island at 310 Padre Blvd, South Padre Island, TX, 78597 priced at $728,500 pairs $6,205/mo rent with after a $3,566/mo payment. Total monthly income equals $6,205/mo. Return on cash invested is 18.36% in year one, and rental yield stands at 10.22% on a $728,500 basis. Equity gained on principal adds $4,701/yr, and 5% annual appreciation accumulates to $201,271 by year five. Five-year ROI measures 98.23% and total cumulative return in cash reaches $235,428. For financing, Ziffy Mortgage’s DSCR program evaluates $6,205/mo property income against a $3,566/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$1,363 monthly 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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