6410 Padre Blvd #107South Padre IslandTX78597
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Padre Island at 6410 Padre Blvd #107, South Padre Island, TX, 78597 offers a 11.89% rental yield on a $305,000 purchase with $3,022/mo rent. Total monthly income registers $3,022/mo, and a $1,493/mo payment leaves $853/mo available for distribution. Annual cash flow reaches $10,235/yr on $101,108 to close, and return on cash invested stands at 30.03% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 158.34% and total cumulative return in cash at $160,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,022/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78597, South Padre Island, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 745 (13.9%) |
| Renter Occupied HU | 415 ( 7.7%) |
| Vacant Housing Units | 4,207 (78.4%) |
| Median Home Value | $453,713 |
| Average Home Value | $480,027 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
374
Multi-Family
215
Businesses
443
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roberto Ortega • Bonita Isla Rentals & Real Estate
Mls Name: SPIBOR
Mls ID: #103920