3229 Procter StPort ArthurTX77642
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Nearby investment properties with comparable prices
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 Arthur at 3229 Procter St, Port Arthur, TX, 77642 priced at $179,000 converts $1,360/mo rent into $78/mo cash flow after a $876/mo obligation. Total monthly income equals $1,360/mo, and annual cash flow totals $941/yr on $59,339 invested. Return on cash invested prints 21.49% in year one, and rental yield reads 9.12% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 112.69% and total cumulative return in cash sums $66,867. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,360/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77642, Port Arthur, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,075 (100%) |
| Owner Occupied HU | 7,334 (45.6%) |
| Renter Occupied HU | 6,763 (42.1%) |
| Vacant Housing Units | 1,978 (12.3%) |
| Median Home Value | $124,734 |
| Average Home Value | $205,129 |
Housing Distribution
Address Breakdown
Residential
15,303
Single Family
10,982
Multi-Family
4,321
Businesses
920
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Listed by: Adam LeDoux • Real Broker, LLC
Mls Name: BBOR
Mls Provider:
Mls ID: #253547
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.