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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% |
Rental property for sale in Rockport at 512 N Gagon St, Rockport, TX, 78382 offers $1,276/mo rent that, after a $832/mo payment, leaves $67/mo cash flow. Total monthly income is $1,276/mo, and annual cash flow is $809/yr on $56,322 cash. Return on cash invested measures 21.34% in year one, and rental yield stands at 9.01% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 111.82% and total cumulative return in cash reaches $62,978. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,276/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
4,095 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78382, Rockport, TX area.
| 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 |
Residential
10,644
Single Family
9,525
Multi-Family
1,119
Businesses
703
Date | Event | Price |
|---|---|---|
| 2025-01-17 | Price change | $169,900 |
| 2024-12-03 | Listed for sale | $179,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $167.57 | 0.68% | $71,331 | 10.00% |
| 2023-02-13 | $166.44 | -23.27% | $64,846 | 10.00% |
| 2022-02-13 | $216.92 | -0.00% | $58,951 | 10.00% |
Listed by: Keri Patterson • LUCE PROPERTIES
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #453185
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-13 02:25:26 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.
