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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 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 shown for ZIP Code: 78373, Port Aransas, TX area.
| 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 |
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
Date | Event | Price |
|---|---|---|
| 2024-05-21 | Listing removed | N/A |
| 2024-01-19 | Listed for sale | $494,500 |
| 2022-06-24 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $7013.61 | -8.42% | $555,000 | 12.00% |
| 2022-08-16 | $7658.50 | 31.31% | $495,521 | 36.21% |
| 2021-08-16 | $5832.32 | -5.43% | $363,789 | N/A |
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.
