404 Padre Blvd UNIT 301South Padre IslandTX78597
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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
Rental property for sale in South Padre Island at 404 Padre Blvd UNIT 301, South Padre Island, TX, 78597 generates $5,605/mo in rent and, after a $3,500/mo payment, leaves $520/mo in cash flow. Total monthly income is $5,605/mo, and annual cash flow is $6,241/yr on $235,235 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 9.41% on a $715,000 entry. Equity gained on principal adds $4,614/yr, while 5% annual appreciation builds toward $197,541 over five years. Five-year ROI reaches 119.08% and total cumulative return in cash sums $280,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,605/mo property income rather than buyer’s personal income.
Condo
Built in 1981
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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Listed by: Robert N. Pinkerton III • Pinkerton Realty
Mls Name: SPIBOR
Mls ID: #104334