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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% |
Investment property for sale in Port Lavaca at 1323 Algee St, Port Lavaca, TX, 77979 with 5% annual appreciation on a $220,000 basis while $2,958/mo rent supports operations. Total monthly income totals $2,958/mo and a $1,077/mo payment preserves $1,341/mo for cash returns. Annual cash flow comes to $16,097/yr on $72,930 deployed, and return on cash invested reaches 41.98% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 16.13%. Five-year ROI measures 222.77% and total cumulative return in cash totals $162,467.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,958/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
9,361 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77979, Port Lavaca, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,582 (100%) |
| Owner Occupied HU | 4,338 (57.2%) |
| Renter Occupied HU | 1,774 (23.4%) |
| Vacant Housing Units | 1,470 (19.4%) |
| Median Home Value | $157,511 |
| Average Home Value | $203,426 |
Residential
6,993
Single Family
6,417
Multi-Family
576
Businesses
738
Date | Event | Price |
|---|---|---|
| 2024-08-17 | Price change | $220,000 |
| 2024-07-01 | Price change | $230,000 |
| 2024-06-25 | Listed for sale | $198,560 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4273.73 | 509.41% | $199,390 | 15.25% |
| 2022-10-15 | $701.29 | 28.42% | $173,000 | 12.25% |
| 2021-10-15 | $546.08 | N/A | $154,120 | 9.37% |
What's Special
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Listed by: Elizabeth Martinez • Cornerstone Properties
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #554206
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 Central Texas MLS, All Rights Reserved.
