708 Padre Blvd APT 1203South Padre IslandTX78597
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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
Investment property for sale in South Padre Island at 708 Padre Blvd APT 1203, South Padre Island, TX, 78597 earns from $2,760/mo rent with a $2,961/mo payment. Total monthly income totals $2,760/mo. ROI tracks 10.76% on current figures, and rental yield reads 5.47% at a $605,000 purchase. Equity gained on principal adds $3,904/yr, and 5% annual appreciation supports $167,150 over five years. Five-year ROI reaches 54.98% and total cumulative return in cash sums $109,438. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,760/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78597, South Padre Island, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 745 (13.9%) |
| Renter Occupied HU | 415 ( 7.7%) |
| Vacant Housing Units | 4,207 (78.4%) |
| Median Home Value | $453,713 |
| Average Home Value | $480,027 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
374
Multi-Family
215
Businesses
443
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Nearby investment properties with comparable prices
Listed by: Jason Schrank • Troy Giles Realty
Mls Name: SPIBOR
Mls ID: #104333