664 Kara LnPort AransasTX78373
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
Rental property for sale in Port Aransas at 664 Kara Ln, Port Aransas, TX, 78373 priced at $1,375,000 converts $4,337/mo rent into after a $6,730/mo obligation. Total monthly income equals $4,337/mo. Return on cash invested prints 5.71% in year one, and rental yield reads 3.79% against a $1,375,000 entry. Equity gained on principal adds $8,873/yr, while 5% annual appreciation compiles into $379,887 by year five. Five-year ROI reaches 27.87% and total cumulative return in cash sums $124,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,337/mo property income covering a $6,730/mo payment, not borrower’s personal income.
Single Family
Built in 2004
5,101 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christi Williams • Whitten Real Estate, Inc.
Mls Name: South Texas MLS
Mls ID: #468896