907 La MiradaPortlandTX78374
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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 Portland at 907 La Mirada, Portland, TX, 78374 uses $86,488 cash to close to unlock $7,532/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $2,483/mo, and a $1,277/mo payment keeps the spread at $628/mo. Purchase price stands at $260,900, and rental yield measures 11.42% with $2,483/mo rent. Return on cash invested shows 28.62% in year one, and 5% annual appreciation builds toward $72,082 over five years. Five-year ROI reaches 150.76% and total cumulative return in cash records $130,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,483/mo property income covering a $1,277/mo payment rather than investor’s personal income.
Single Family
Built in 1999
5,286 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78374, Portland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,093 (100%) |
| Owner Occupied HU | 4,883 (53.7%) |
| Renter Occupied HU | 2,838 (31.2%) |
| Vacant Housing Units | 1,372 (15.1%) |
| Median Home Value | $233,059 |
| Average Home Value | $265,830 |
Housing Distribution
Address Breakdown
Residential
8,017
Single Family
5,712
Multi-Family
2,305
Businesses
536
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Listed by: Janet Brown • KW Coastal Bend - Island
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #450063
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.