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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% |
Investment property for sale in Port Aransas at 6871 State Highway 361 #16, Port Aransas, TX, 78373 offers a 3.73% rental yield on a $850,000 purchase with $2,640/mo rent. 31% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 15.77% and total cumulative return in cash at $44,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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 |
|---|---|---|
| 2025-01-18 | Listed for sale | $850,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | N/A | N/A | $660,000 | 20.00% |
| 2023-02-12 | $10480.09 | -18.76% | $550,000 | -5.94% |
| 2022-02-12 | $12899.85 | 22.08% | $584,728 | 26.49% |
Listed by: Christi Williams • Whitten Real Estate, Inc.
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #453019
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-11 17:06:29 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.
