604 Beach Access #1A-6Port 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 604 Beach Access #1A-6, Port Aransas, TX, 78373 priced at $525,000 converts $4,546/mo rent into $38/mo cash flow after a $2,570/mo obligation. Total monthly income equals $4,546/mo, and annual cash flow totals $459/yr on $172,725 invested. Return on cash invested prints 20.33% in year one, and rental yield reads 10.39% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 108.23% and total cumulative return in cash sums $186,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,546/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Condo
Built in 2007
2,365 sqft lot
$N/A/sqft
$774 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: Laura Miller • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #429529
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.