1001 Bayview Blvd APT LPortlandTX78374
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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 Portland at 1001 Bayview Blvd APT L, Portland, TX, 78374 earns $615/mo cash flow from $2,314/mo rent with a $881/mo payment. Total monthly income totals $2,314/mo, and annual cash flow totals $7,380/yr on $59,670 capital. ROI tracks 32.28% on current figures, and rental yield reads 15.43% at a $179,999 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,730 over five years. Five-year ROI reaches 173.42% and total cumulative return in cash sums $103,480. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,314/mo property income instead of your personal income.
Townhouse
Built in 1985
1,152 sqft lot
$N/A/sqft
$419 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78374, Portland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,093 (100%) |
| Owner Occupied HU | 4,883 (53.7%) |
| Renter Occupied HU | 2,838 (31.2%) |
| Vacant Housing Units | 1,372 (15.1%) |
| Median Home Value | $233,059 |
| Average Home Value | $265,830 |
Housing Distribution
Address Breakdown
Residential
8,017
Single Family
5,712
Multi-Family
2,305
Businesses
536
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Listed by: Jordan Zamora • RE/MAX ELITE
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #445003
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.