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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Portland at 1104 Polaris Dr, Portland, TX, 78374 priced at $199,900 converts $2,514/mo rent into $1,010/mo cash flow after a $978/mo obligation. Total monthly income equals $2,514/mo, and annual cash flow totals $12,117/yr on $66,267 invested. Return on cash invested prints 38.19% in year one, and rental yield reads 15.09% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 202.65% and total cumulative return in cash sums $134,293. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1966
8,050 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78374, Portland, TX area.
| 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 |
Residential
8,017
Single Family
5,712
Multi-Family
2,305
Businesses
536
Date | Event | Price |
|---|---|---|
| 2024-10-19 | Price change | $199,900 |
| 2024-09-20 | Price change | $209,900 |
| 2024-08-29 | Listed for sale | $219,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $4315.07 | -3.88% | $192,380 | 1.55% |
| 2022-10-23 | $4489.30 | 27.95% | $189,451 | 30.80% |
| 2021-10-23 | $3508.68 | 2.82% | $144,843 | 2.73% |
Listed by: Tava Peralta • Realty Executives Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #447578
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.
