892 Banyan Beach Dr UNIT 108Pt AransasTX78373
Nearby investment properties with comparable rents
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
Rental property for sale in Pt Aransas at 892 Banyan Beach Dr UNIT 108, Pt Aransas, TX, 78373 generates $1,868/mo in rent, after a $1,419/mo payment. Total monthly income is $1,868/mo. Return on cash invested sits at 12.5% in year one, and rental yield is 7.73% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 66.15% and total cumulative return in cash sums $63,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,868/mo property income rather than buyer’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
$400 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Rossbach • Legacy Broker Group
Mls Name: SABOR
Mls Provider:
Mls ID: #1816010
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.