700 Island Retreat Rd #30Pt AransasTX78373
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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 Pt Aransas at 700 Island Retreat Rd #30, Pt Aransas, TX, 78373 at $410,000 posts ROI 18.58% with from $2,815/mo rent. Total monthly income equals $2,815/mo. Return on cash invested measures 18.58% and rental yield reads 8.24% at the current $410,000. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 by year five. Five-year ROI prints 97.09% and total cumulative return in cash totals $131,963. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,815/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1968
7,749 sqft lot
$N/A/sqft
$593 annually 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
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Listed by: Robert Salinas • Home Team of America
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445343
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 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.