5973 Highway 361 Park Rd #53-105Port 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
Investment property for sale in Port Aransas at 5973 Highway 361 Park Rd #53-105, Port Aransas, TX, 78373 uses $76,212 cash to close to unlock $2,033/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $3,436/mo, and a $1,125/mo payment keeps the spread at $169/mo. Purchase price stands at $229,900, and rental yield measures 17.93% with $3,436/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 127.71% and total cumulative return in cash records $97,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,436/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Condo
Built in 1984
5,401 sqft lot
$N/A/sqft
$1,632 monthly 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: Kathleen Miller • Rev Realty Texas LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #439522
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.