South Central8.7% avg cap rate

Port Aransas, TX

Texas Gulf Coast island escape — beach STR with strong cap rates

Port Aransas on Mustang Island is the premier Texas island beach destination — a ferry-accessed barrier island with 18 miles of Gulf beach drawing visitors from San Antonio, Austin, Corpus Christi, and the Rio Grande Valley. The market has been one of the fastest recovering Gulf Coast STR markets post-storm, and cap rates remain among the strongest of any Texas coastal property.

8.7%
Avg Cap Rate
Net operating income / price
66%
Avg Occupancy
Annual average
$305
Avg Nightly Rate
All property types
$495K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
66% occ × $305/night
$73,475
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $29,390
Est. net operating income
Before mortgage & depreciation
$44,085
At median price
Implied cap rate
8.9%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Port Aransas

Only island beach accessible via ferry from mainland Texas
Spring break and summer draw from five major Texas metros
Rebuilt post-Harvey inventory is newer and commands premium rates
No Texas income tax on STR rental income
Peak season: Spring break, Memorial Day – Labor Day
Top property types: Beach House, Condo, Single Family, Gulf-front Home
Primary zip: 78373

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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