2238 3rd StPort NechesTX77651
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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 Port Neches at 2238 3rd St, Port Neches, TX, 77651 offers a 11.05% rental yield on a $194,900 purchase with $1,794/mo rent. Total monthly income registers $1,794/mo, and a $954/mo payment leaves $408/mo available for distribution. Annual cash flow reaches $4,896/yr on $64,609 to close, and return on cash invested stands at 27.49% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 144.69% and total cumulative return in cash at $93,483. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,794/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77651, Port Neches, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,929 (100%) |
| Owner Occupied HU | 4,017 (67.8%) |
| Renter Occupied HU | 1,258 (21.2%) |
| Vacant Housing Units | 654 (11.0%) |
| Median Home Value | $251,442 |
| Average Home Value | $267,028 |
Housing Distribution
Address Breakdown
Residential
5,467
Single Family
5,035
Multi-Family
432
Businesses
367
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Listed by: Frannie Chatagnier • RE/MAX ONE - NEDERLAND -- 9000010
Mls Name: BBOR
Mls ID: #262736