506 Sierra Sound StRockportTX78382
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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 Rockport at 506 Sierra Sound St, Rockport, TX, 78382 priced at $925,000 converts $4,135/mo rent into after a $4,527/mo obligation. Total monthly income equals $4,135/mo. Return on cash invested prints 10.3% in year one, and rental yield reads 5.36% against a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation compiles into $255,560 by year five. Five-year ROI reaches 52.55% and total cumulative return in cash sums $159,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,135/mo property income covering a $4,527/mo payment, not borrower’s personal income.
Single Family
Built in 1996
9,217 sqft lot
$N/A/sqft
$399 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78382, Rockport, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,438 (100%) |
| Owner Occupied HU | 7,277 (50.4%) |
| Renter Occupied HU | 2,366 (16.4%) |
| Vacant Housing Units | 4,795 (33.2%) |
| Median Home Value | $309,755 |
| Average Home Value | $392,083 |
Housing Distribution
Address Breakdown
Residential
10,644
Single Family
9,525
Multi-Family
1,119
Businesses
703
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Listed by: Jean Marie Giegerich • Weichert REALTORS - The Place
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #443294
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.