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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Pt Aransas at 4903 State Highway 361 #509, Pt Aransas, TX, 78373 offers a 13.48% rental yield on a $235,000 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,150/mo payment leaves $479/mo available for distribution. Annual cash flow reaches $5,749/yr on $77,903 to close, and return on cash invested stands at 27.29% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 146.4% and total cumulative return in cash at $114,052. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
1,799 sqft lot
$N/A/sqft
$490 monthly HOA
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
| 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 |
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
Date | Event | Price |
|---|---|---|
| 2024-05-10 | Price change | $235,000 |
| 2024-03-22 | Listed for sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michele Lorette • Port Aransas Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #437782
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.
