1104 Grigsby AvePort NechesTX77651
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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
Rental property for sale in Port Neches at 1104 Grigsby Ave, Port Neches, TX, 77651 priced at $130,000 converts $1,090/mo rent into $164/mo cash flow after a $636/mo obligation. Total monthly income equals $1,090/mo, and annual cash flow totals $1,963/yr on $43,095 invested. Return on cash invested prints 24.46% in year one, and rental yield reads 10.06% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 128.57% and total cumulative return in cash sums $55,407. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,090/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1968
10,441 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77651, Port Neches, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,929 (100%) |
| Owner Occupied HU | 4,017 (67.8%) |
| Renter Occupied HU | 1,258 (21.2%) |
| Vacant Housing Units | 654 (11.0%) |
| Median Home Value | $251,442 |
| Average Home Value | $267,028 |
Housing Distribution
Address Breakdown
Residential
5,467
Single Family
5,035
Multi-Family
432
Businesses
367
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Listed by: James Walters • Swedes Real Estate LLC
Mls Name: HAR
Mls Provider:
Mls ID: #4242775
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