622 Beach Access Rd UNIT 1A-225Pt 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
Investment property for sale in Pt Aransas at 622 Beach Access Rd UNIT 1A-225, Pt Aransas, TX, 78373 offers a 9.77% rental yield on a $199,000 purchase with $1,620/mo rent. Total monthly income registers $1,620/mo, and a $974/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,459/yr on $65,969 to close, and return on cash invested stands at 23.64% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 124.03% and total cumulative return in cash at $81,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
2,844 sqft lot
$N/A/sqft
No 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: Cherith Fenton • Whitten Real Estate, Inc.
Mls Name: South Texas MLS
Mls ID: #467534