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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 Port Lavaca at 2020 Leon Dr, Port Lavaca, TX, 77979 priced at $199,000 converts $900/mo rent into after a $974/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 10.54% in year one, and rental yield reads 5.43% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 53.8% and total cumulative return in cash sums $35,490. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1960
8,023 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 |
|---|---|---|
| 2024-05-31 | Price change | $199,000 |
| 2023-11-09 | Listed for sale | $215,000 |
| 2021-03-08 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $1679.90 | 49.51% | $78,375 | 64.34% |
| 2022-08-13 | $1123.62 | 27.73% | $47,690 | 36.06% |
| 2021-08-13 | $879.65 | N/A | $35,050 | -45.85% |
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Listed by: Russell Cain • Russell Cain Real Estate
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #526185
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.
