324 Shark LnSurfside BeachTX77541
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 Surfside Beach at 324 Shark Ln, Surfside Beach, TX, 77541 uses $119,307 cash to close to unlock $3,123/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $1,762/mo payment keeps the spread at $260/mo. Purchase price stands at $359,900, and rental yield measures 9.4% with $2,820/mo rent. Return on cash invested shows 22.53% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 118.12% and total cumulative return in cash records $140,930. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77541, Freeport, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 4,175 (47.2%) |
| Renter Occupied HU | 2,030 (23.0%) |
| Vacant Housing Units | 2,633 (29.8%) |
| Median Home Value | $191,538 |
| Average Home Value | $246,877 |
Housing Distribution
Address Breakdown
Residential
7,070
Single Family
6,159
Multi-Family
911
Businesses
485
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Suzan Zachariah • The Local Agents Real Estate LLC
Mls Name: HAR
Mls ID: #33516364