301 E Houston St #3303Port IsabelTX78578
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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 Isabel at 301 E Houston St #3303, Port Isabel, TX, 78578 offers a 12.82% rental yield on a $295,400 purchase with $3,156/mo rent. Total monthly income registers $3,156/mo, and a $1,446/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,262/yr on $97,925 to close, and return on cash invested stands at 21.2% in year one. Equity gained on principal adds $1,906/yr while 5% annual appreciation supports $81,614 over five years. Portfolio math shows five-year ROI at 115.22% and total cumulative return in cash at $112,832. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,156/mo property income against a $1,446/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
1,500 sqft lot
$N/A/sqft
$950 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78578, Port Isabel, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,257 (100%) |
| Owner Occupied HU | 2,632 (42.1%) |
| Renter Occupied HU | 1,490 (23.8%) |
| Vacant Housing Units | 2,135 (34.1%) |
| Median Home Value | $320,382 |
| Average Home Value | $351,909 |
Housing Distribution
Address Breakdown
Residential
4,035
Single Family
4,002
Multi-Family
33
Businesses
329
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