611 Lauderdale UNIT 611RockportTX78382
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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 Rockport at 611 Lauderdale UNIT 611, Rockport, TX, 78382 generates $3,260/mo in rent, after a $2,031/mo payment. Total monthly income is $3,260/mo. Return on cash invested sits at 18.86% in year one, and rental yield is 9.43% on a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 99.78% and total cumulative return in cash sums $137,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,260/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$430 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78382, Rockport, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,438 (100%) |
| Owner Occupied HU | 7,277 (50.4%) |
| Renter Occupied HU | 2,366 (16.4%) |
| Vacant Housing Units | 4,795 (33.2%) |
| Median Home Value | $309,755 |
| Average Home Value | $392,083 |
Housing Distribution
Address Breakdown
Residential
10,644
Single Family
9,525
Multi-Family
1,119
Businesses
703
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Listed by: Hiral Bhakta • Keller Williams Coastal Bend
Mls Name: SABOR
Mls Provider:
Mls ID: #1759584
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.