310A Padre BlvdSouth 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, South Padre Island, TX, 78597 with 5% annual appreciation on a $775,000 basis while $4,784/mo rent supports operations. 29% in year one. Equity gained on principal adds $5,001/yr, and five-year appreciation sums $214,118 alongside rental yield of 7.41%. Five-year ROI measures 54.74% and total cumulative return in cash totals $139,567. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,784/mo property income versus a $3,793/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2006
N/A lot
$N/A/sqft
$1,350 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy-Noelle Gallo • Re/Max Platinum
Mls Name: Greater McAllen AOR
Mls ID: #456895
Disclaimer: Listing information is deemed reliable, but not guaranteed.