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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Port Aransas at 6871 State Highway 361 #14, Port Aransas, TX, 78373 generates $4,205/mo in rent, after a $3,906/mo payment. Total monthly income is $4,205/mo. Return on cash invested sits at 10.1% in year one, and rental yield is 6.32% on a $798,000 entry. Equity gained on principal adds $5,149/yr, while 5% annual appreciation builds toward $220,473 over five years. Five-year ROI reaches 52.6% and total cumulative return in cash sums $138,088. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,205/mo property income rather than buyer’s personal income.
Condo
Built in 1979
0.27 Acres lot
$N/A/sqft
$500 monthly HOA
Neighborhood data shown for ZIP Code: 78373, Port Aransas, TX area.
| 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 |
Residential
2,142
Single Family
2,142
Multi-Family
0
Businesses
403
Date | Event | Price |
|---|---|---|
| 2023-09-26 | Listed for sale | $798,000 |
| 2023-09-01 | Listing removed | N/A |
| 2023-06-01 | Price change | $820,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | N/A | N/A | $781,161 | -5.56% |
| 2023-02-12 | $15761.67 | 12.94% | $827,180 | 30.76% |
| 2022-02-12 | $13955.34 | 39.85% | $632,571 | 44.90% |
Listed by: Pamela Pearce • RE/MAX SECURITY R. E.
Mls Name: RPMLS
Mls ID: #141438
Disclaimer: Copyright Rockport Area Association of REALTORS. Al rights reserved. Information is deemed reliable but not guaranteed.
