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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Matagorda at 54 Private Road 639 #16, Matagorda, TX, 77457 offers a 6.28% rental yield on a $359,000 purchase with $1,879/mo rent. 25% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 58.32% and total cumulative return in cash at $69,403. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,879/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
1,002 sqft lot
$N/A/sqft
$185 monthly HOA
Neighborhood data shown for ZIP Code: 77457, Matagorda, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 868 (100%) |
| Owner Occupied HU | 232 (26.7%) |
| Renter Occupied HU | 36 ( 4.1%) |
| Vacant Housing Units | 600 (69.1%) |
| Median Home Value | $352,632 |
| Average Home Value | $390,334 |
Residential
1
Single Family
1
Multi-Family
0
Businesses
51
Date | Event | Price |
|---|---|---|
| 2024-08-10 | Listed for sale | $359,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-22 | $2889.47 | -15.52% | $193,710 | -2.51% |
| 2022-10-22 | $3420.20 | -3.62% | $198,700 | -1.24% |
| 2021-10-22 | $3548.60 | 55.81% | $201,200 | 3.18% |
No similar rental properties found nearby.
Listed by: Julia Barrett • Ward Real Estate, Inc
Mls Name: HAR
Mls Provider:
Mls ID: #65274846
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively 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. Information is deemed reliable but not guaranteed.
