488 Margo LnPort 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
Rental property for sale in Port Aransas at 488 Margo Ln, Port Aransas, TX, 78373 offers $6,620/mo rent that, after a $9,275/mo payment. Total monthly income is $6,620/mo. Return on cash invested measures 6.97% in year one, and rental yield stands at 4.19% at a $1,895,000 entry. Equity gained on principal adds $12,228/yr while 5% annual appreciation compounds into $523,554 by year five. Five-year ROI records 34.6% and total cumulative return in cash reaches $212,465. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,620/mo property income versus a $9,275/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.41 Acres 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: Ryan Richter • Tarpon Realty
Mls Name: South Texas MLS
Mls ID: #467366