600 Center Sq N #2Port AransasTX78373
Nearby investment properties with comparable rents
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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 600 Center Sq N #2, Port Aransas, TX, 78373 offers $2,946/mo rent that, after a $2,420/mo payment. Total monthly income is $2,946/mo. Return on cash invested measures 12.44% in year one, and rental yield stands at 7.15% at a $494,500 entry. Equity gained on principal adds $3,191/yr while 5% annual appreciation compounds into $136,621 by year five. Five-year ROI records 65.19% and total cumulative return in cash reaches $106,869. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,946/mo property income versus a $2,420/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2018
2,182 sqft lot
$N/A/sqft
$450 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: Ryan Richter • Tarpon Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #434068
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.