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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 1836 Bay Landing Dr, Portland, TX, 78374 offers $3,240/mo rent that, after a $1,757/mo payment, leaves $555/mo cash flow. Total monthly income is $3,240/mo, and annual cash flow is $6,656/yr on $119,009 cash. Return on cash invested measures 25.5% in year one, and rental yield stands at 10.83% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 134.53% and total cumulative return in cash reaches $160,099. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,240/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
6,295 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 |
|---|---|---|
| 2024-12-13 | Price change | $359,000 |
| 2021-04-23 | Pending sale | $290,000 |
| 2021-04-23 | Contingent | $290,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $7548.94 | -0.68% | $339,304 | 0.14% |
| 2023-12-27 | $7600.30 | 7.81% | $338,846 | 13.89% |
| 2022-12-27 | $7049.84 | 10.08% | $297,508 | 12.53% |
Listed by: Laura Miller • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #451736
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.
