126 Carmel DrPortlandTX78374
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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 126 Carmel Dr, Portland, TX, 78374 listed at $219,500 pairs $1,290/mo rent with a $1,074/mo payment. Total monthly income runs $1,290/mo. Return on cash invested measures 15.45% in year one, and rental yield registers 7.05% at a $219,500 basis. Equity gained on principal adds $1,416/yr, and annual property appreciation at 5% supports $60,644 by year five. Five-year ROI tracks 80.15% and total cumulative return in cash totals $58,318. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,290/mo property income relative to a $1,074/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
8,000 sqft lot
$N/A/sqft
No 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: Donna Voyles • Keller Williams Coastal Bend -
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #451690
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.