38 Chumley DrPort 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 38 Chumley Dr, Port Lavaca, TX, 77979 priced at $249,900 converts $1,876/mo rent into $99/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,876/mo, and annual cash flow totals $1,189/yr on $82,842 invested. Return on cash invested prints 21.34% in year one, and rental yield reads 9.01% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 111.82% and total cumulative return in cash sums $92,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,876/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1983
7,718 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: Kassi Foegelle • RE/MAX Land & Homes
Mls Name: Central Texas MLS
Mls ID: #586534