508 Lauderdale DrRockportTX78382
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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 508 Lauderdale Dr, Rockport, TX, 78382 offers $1,943/mo rent that, after a $2,075/mo payment. Total monthly income is $1,943/mo. Return on cash invested measures 10.76% in year one, and rental yield stands at 5.5% at a $424,000 entry. Equity gained on principal adds $2,736/yr while 5% annual appreciation compounds into $117,143 by year five. Five-year ROI records 55% and total cumulative return in cash reaches $77,307. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,943/mo property income versus a $2,075/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No 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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