310A Padre Blvd APT 1101South Padre IslandTX78597
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
Investment property for sale in South Padre Island at 310A Padre Blvd APT 1101, South Padre Island, TX, 78597 listed at $720,000 pairs $5,465/mo rent with a $3,524/mo payment to leave $345/mo cash flow. Total monthly income runs $5,465/mo, and annual cash flow reaches $4,140/yr on $236,880 cash to close. Return on cash invested measures 21.81% in year one, and rental yield registers 9.11% at a $720,000 basis. Equity gained on principal adds $4,646/yr, and annual property appreciation at 5% supports $198,923 by year five. Five-year ROI tracks 114.2% and total cumulative return in cash totals $270,511. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,465/mo property income relative to a $3,524/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glenda George • Patrick McNulty, Broker
Mls Name: SPIBOR
Mls ID: #104249