6249 Garnet AvePort ArthurTX77640
Nearby investment properties with comparable rents
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 6249 Garnet Ave, Port Arthur, TX, 77640 generates $1,212/mo in rent and, after a $661/mo payment, leaves $252/mo in cash flow. Total monthly income is $1,212/mo, and annual cash flow is $3,021/yr on $44,753 invested. Return on cash invested sits at 26.66% in year one, and rental yield is 10.77% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 140.27% and total cumulative return in cash sums $62,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,212/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77640, Port Arthur, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,162 (100%) |
| Owner Occupied HU | 4,310 (52.8%) |
| Renter Occupied HU | 2,321 (28.4%) |
| Vacant Housing Units | 1,531 (18.8%) |
| Median Home Value | $153,925 |
| Average Home Value | $173,727 |
Housing Distribution
Address Breakdown
Residential
7,457
Single Family
6,662
Multi-Family
795
Businesses
582
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Hoffpauir • eXp Realty LLC
Mls Name: HAR
Mls ID: #32901799