1840 Spoonbill 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
Investment property for sale in Portland at 1840 Spoonbill Dr, Portland, TX, 78374 at $559,900 posts ROI 35.12% with $2,312/mo cash flow from $6,293/mo rent. Total monthly income equals $6,293/mo, and annual cash flow records $27,743/yr on $184,207 to close. Return on cash invested measures 35.12% and rental yield reads 13.49% at the current $559,900. Equity gained on principal adds $3,613/yr, and 5% annual appreciation supports $154,690 by year five. Five-year ROI prints 185.59% and total cumulative return in cash totals $341,866.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,293/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
5,750 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: Sara Azali • RE/MAX Professionals
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #441689
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.