1806 White Ibis DrPortlandTX78374
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Portland at 1806 White Ibis Dr, Portland, TX, 78374 priced at $365,900 pairs $3,240/mo rent with $383/mo cash flow after a $1,791/mo payment. Total monthly income equals $3,240/mo, and annual cash flow comes to $4,596/yr on $121,296 invested. Return on cash invested is 23.7% in year one, and rental yield stands at 10.63% on a $365,900 basis. Equity gained on principal adds $2,361/yr, and 5% annual appreciation accumulates to $101,091 by year five. Five-year ROI measures 125.32% and total cumulative return in cash reaches $152,006. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $1,791/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
5,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brianna Tyler • StepStone Realty LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #448377
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.