404 N Tarnava St APT 2Port IsabelTX78578
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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 Port Isabel at 404 N Tarnava St APT 2, Port Isabel, TX, 78578 earns $832/mo cash flow from $4,032/mo rent with a $2,203/mo payment. Total monthly income totals $4,032/mo, and annual cash flow totals $9,978/yr on $149,175 capital. ROI tracks 26.6% on current figures, and rental yield reads 10.75% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 139.93% and total cumulative return in cash sums $208,734. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,032/mo property income instead of your personal income.
Condo
Built in 2018
2,182 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78578, Port Isabel, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 2,632 (42.1%) |
| Renter Occupied HU | 1,490 (23.8%) |
| Vacant Housing Units | 2,135 (34.1%) |
| Median Home Value | $320,382 |
| Average Home Value | $351,909 |
Housing Distribution
Address Breakdown
Residential
4,035
Single Family
4,002
Multi-Family
33
Businesses
329
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Listed by: Norma Turkington • RE/MAX Elite
Mls Name: SPIBOR
Mls ID: #104386