300 S 3rd StLa PorteTX77571
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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 La Porte at 300 S 3rd St, La Porte, TX, 77571 offers $2,305/mo rent that, after a $1,463/mo payment, leaves $179/mo cash flow. Total monthly income is $2,305/mo, and annual cash flow is $2,151/yr on $99,119 cash. Return on cash invested measures 22.08% in year one, and rental yield stands at 9.25% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 115.73% and total cumulative return in cash reaches $114,706. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,305/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77571, La Porte, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,032 (100%) |
| Owner Occupied HU | 10,813 (67.4%) |
| Renter Occupied HU | 4,126 (25.7%) |
| Vacant Housing Units | 1,093 ( 6.8%) |
| Median Home Value | $266,608 |
| Average Home Value | $313,695 |
Housing Distribution
Address Breakdown
Residential
15,236
Single Family
12,840
Multi-Family
2,396
Businesses
1,081
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Listed by: Milind Patel • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #88074522
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