5973 State Hwy 361 APT 314Port 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
Rental property for sale in Port Aransas at 5973 State Hwy 361 APT 314, Port Aransas, TX, 78373 generates $1,338/mo in rent and, after a $827/mo payment, leaves $136/mo in cash flow. Total monthly income is $1,338/mo, and annual cash flow is $1,637/yr on $56,024 invested. Return on cash invested sits at 22.83% in year one, and rental yield is 9.5% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 119.75% and total cumulative return in cash sums $67,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,338/mo property income rather than buyer’s personal income.
Condo
Built in 1984
4,548 sqft lot
$N/A/sqft
No 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: Jennifer Baker • Bluefin Realty
Mls Name: South Texas MLS
Mls ID: #465718