310A Padre Blvd APT 1305South 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
Rental property for sale in South Padre Island at 310A Padre Blvd APT 1305, South Padre Island, TX, 78597 generates $4,506/mo in rent, after a $4,332/mo payment. Total monthly income is $4,506/mo. Return on cash invested sits at 12.69% in year one, and rental yield is 6.11% on a $885,000 entry. Equity gained on principal adds $5,711/yr, while 5% annual appreciation builds toward $244,509 over five years. Five-year ROI reaches 65.34% and total cumulative return in cash sums $190,242. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,506/mo property income rather than buyer’s personal income.
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
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Nearby investment properties with comparable prices
Listed by: Dina Rich • Keller Williams Realty LRGV - SPI
Mls Name: SPIBOR
Mls ID: #103761