407 Beach Ave #112Pt AransasTX78373
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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 Pt Aransas at 407 Beach Ave #112, Pt Aransas, TX, 78373 listed at $233,000 pairs $1,614/mo rent with a $1,140/mo payment. Total monthly income runs $1,614/mo. Return on cash invested measures 19.25% in year one, and rental yield registers 8.31% at a $233,000 basis. Equity gained on principal adds $1,504/yr, and annual property appreciation at 5% supports $64,374 by year five. Five-year ROI tracks 100.52% and total cumulative return in cash totals $77,641. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,614/mo property income relative to a $1,140/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,617 (100%) |
| Owner Occupied HU | 1,209 (21.5%) |
| Renter Occupied HU | 407 ( 7.2%) |
| Vacant Housing Units | 4,001 (71.2%) |
| Median Home Value | $491,147 |
| Average Home Value | $604,986 |
Housing Distribution
Address Breakdown
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
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Listed by: Christi Williams • Whitten Real Estate, Inc.
Mls Name: South Texas MLS
Mls ID: #458721