309 E 2nd StPt 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 Pt Neches at 309 E 2nd St, Pt Neches, TX, 77651 listed at $230,000 pairs $1,516/mo rent with a $1,126/mo payment. Total monthly income runs $1,516/mo. Return on cash invested measures 18.02% in year one, and rental yield registers 7.91% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 94% and total cumulative return in cash totals $71,671. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,516/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1988
N/A 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: Emily Ross • RE/MAX ONE
Mls Name: HAR
Mls Provider:
Mls ID: #50473085
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