5973 State Highway 361 APT 301Port AransasTX78373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 State Highway 361 APT 301, Port Aransas, TX, 78373 listed at $299,000 pairs $2,940/mo rent with a $1,463/mo payment. Total monthly income runs $2,940/mo. Return on cash invested measures 13.13% in year one, and rental yield registers 11.8% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 73.78% and total cumulative return in cash totals $73,126. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,940/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
4,548 sqft lot
$N/A/sqft
$1,374 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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Nearby investment properties with comparable prices
Listed by: Marcus Starkey • RE/MAX Coastal Living
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445304
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-11 18:36:57 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.