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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 Pt Aransas at 604 Beach Access Rd #1-A-2, Pt Aransas, TX, 78373 priced at $549,500 converts $2,640/mo rent into after a $2,690/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 6.51% in year one, and rental yield reads 5.77% against a $549,500 entry. Equity gained on principal adds $3,546/yr, while 5% annual appreciation compiles into $151,817 by year five. Five-year ROI reaches 34.04% and total cumulative return in cash sums $61,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,690/mo payment, not borrower’s personal income.
Condo
Built in 2007
2,365 sqft lot
$N/A/sqft
$773 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 |
|---|---|---|
| 2024-03-17 | Listed for sale | $549,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Heidi Cluck • Mustang Island Realty
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #437715
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.
