700 Island Retreat RdPort 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 Port Aransas at 700 Island Retreat Rd, Port Aransas, TX, 78373 uses $42,180 cash to close to unlock $2,688/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $623/mo payment keeps the spread at $224/mo. Purchase price stands at $127,239, and rental yield measures 13.01% with $1,380/mo rent. Return on cash invested shows 26.28% in year one, and 5% annual appreciation builds toward $35,154 over five years. Five-year ROI reaches 140.8% and total cumulative return in cash records $59,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $623/mo payment rather than investor’s personal income.
Condo
Built in 1968
3,010 sqft lot
$N/A/sqft
$251 monthly 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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