6410 Padre Blvd #303, South Padre Island, TX, 78597 | $55/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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107 E Pike St UNIT 2, South Padre Island, TX, 78597

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

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Investment Highlights

Investment property for sale in South Padre Island at 6410 Padre Blvd #303, South Padre Island, TX, 78597 offers a 11.03% rental yield on a $385,000 purchase with $3,538/mo rent. Total monthly income registers $3,538/mo, and a $1,884/mo payment leaves $55/mo available for distribution. Annual cash flow reaches $655/yr on $127,628 to close, and return on cash invested stands at 20.42% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 109.36% and total cumulative return in cash at $139,570. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,538/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2005

1,402 sqft lot

$N/A/sqft

$746 monthly 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