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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 Portland at 1900 Oak Ridge Dr, Portland, TX, 78374 offers a 8.9% rental yield on a $339,000 purchase with $2,514/mo rent. Total monthly income registers $2,514/mo, and a $1,659/mo payment leaves $56/mo available for distribution. Annual cash flow reaches $673/yr on $112,379 to close, and return on cash invested stands at 20.51% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 107.48% and total cumulative return in cash at $120,784. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,514/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.43 Acres 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 |
|---|---|---|
| 2024-11-14 | Listed for sale | $339,000 |
| 2022-08-25 | Listing removed | N/A |
| 2022-08-06 | Pending sale | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $6197.42 | -23.90% | $341,907 | -5.82% |
| 2023-12-27 | $8143.29 | 18.06% | $363,054 | 24.73% |
| 2022-12-27 | $6897.35 | 199.40% | $291,073 | 83.86% |
Listed by: Cara Deharde • South Texas Realty, LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #450806
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.
