24 E 1st StPort LavacaTX77979
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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
Rental property for sale in Port Lavaca at 24 E 1st St, Port Lavaca, TX, 77979 priced at $109,500 pairs $979/mo rent with $200/mo cash flow after a $536/mo payment. Total monthly income equals $979/mo, and annual cash flow comes to $2,403/yr on $36,299 invested. Return on cash invested is 26.53% in year one, and rental yield stands at 10.73% on a $109,500 basis. Equity gained on principal adds $707/yr, and 5% annual appreciation accumulates to $30,253 by year five. Five-year ROI measures 139.64% and total cumulative return in cash reaches $50,687. For financing, Ziffy Mortgage’s DSCR program evaluates $979/mo property income against a $536/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
2,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77979, Port Lavaca, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,993
Single Family
6,417
Multi-Family
576
Businesses
738
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Listed by: Billie J Edgett • Texas Coastal Bay Realty
Mls Name: My State MLS
Mls ID: #11486861