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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 2204 Aspen Dr, Portland, TX, 78374 with 5% annual appreciation on a $298,500 basis while $3,017/mo rent supports operations. Total monthly income totals $3,017/mo and a $1,461/mo payment preserves $894/mo for cash returns. Annual cash flow comes to $10,732/yr on $98,953 deployed, and return on cash invested reaches 30.75% in year one. Equity gained on principal adds $1,926/yr, and five-year appreciation sums $82,470 alongside rental yield of 12.13%. Five-year ROI measures 162.24% and total cumulative return in cash totals $160,545.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,017/mo property income versus a $1,461/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
8,568 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 |
|---|---|---|
| 2024-10-22 | Listed for sale | $298,500 |
| 2024-10-15 | Contingent | $298,500 |
| 2024-10-06 | Listed for sale | $298,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-23 | $3969.67 | -33.08% | $238,162 | -4.86% |
| 2022-10-23 | $5931.61 | 24.41% | $250,318 | 27.18% |
| 2021-10-23 | $4767.98 | -5.55% | $196,828 | -5.63% |
Listed by: Amy Aguirre • RE/MAX ELITE - Portland
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #442332
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.
