8219 Breakers BlvdSouth Padre IslandTX78597
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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
Total monthly income runs $6,322/mo, and a $7,807/mo payment. Purchase price stands at $1,595,000, and rental yield measures 4.76% with $6,322/mo rent. Return on cash invested shows 8.48% in year one, and 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 42.78% and total cumulative return in cash records $221,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,322/mo property income covering a $7,807/mo payment rather than investor’s personal income.
Single Family
Built in 2005
6,000 sqft lot
$N/A/sqft
$300 quarterly 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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Listed by: Denise Franke • Franke Realty
Mls Name: SPIBOR
Mls ID: #103566
Disclaimer: Information provided by South Padre Island BOR is deemed reliable but not guaranteed. South Padre Island BOR data is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.