6275 State Hwy 361 UNIT 205Port 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 6275 State Hwy 361 UNIT 205, Port Aransas, TX, 78373 generates $3,073/mo in rent and, after a $1,610/mo payment, leaves $84/mo in cash flow. Total monthly income is $3,073/mo, and annual cash flow is $1,005/yr on $109,064 invested. Return on cash invested sits at 20.83% in year one, and rental yield is 11.21% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 111.59% and total cumulative return in cash sums $121,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,073/mo property income rather than buyer’s personal income.
Condo
Built in 1986
2,740 sqft lot
$N/A/sqft
$650 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: Jana Snow • Mark Grosse Real Estate LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #437102
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.