2202 Aspen Dr · Portland, TX
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.2%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 27 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +13.8/15.0
- Cash flow +8.0/30.0
- Livability +4.0/5.0
- 1% rule +3.7/10.0
- Schools +3.7/10.0
- Condition / age +2.5/5.0
- DSCR +2.1/10.0
- Rent growth +2.0/5.0
- Appreciation +0.0/10.0
$239,989
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
On a quiet, winding street, residents have enjoyed the proximity to award winning Gregory-Portland ISD's TM Clark Elementary, G-P Intermediate & G-P High Schools. Spring green emerges through the mesquite tree in the front yard & mulched beds frame the brick home. The covered front porch & full lite storm door invites you into the tiled foyer. Sharp tile continues through the step down living room featuring 3 beams, cabinets, bookshelves flanking the focal brick fireplace, hearth and wooden mantel. Picture windows, beamed vaulted ceiling, chandelier, wainscoting & half brick wall grace the dining room with blind-encssed french doors leading to the extended concrete patio. Island kitchen boasts a smooth top electric range, microwave, dishwasher, service bar to the living room and side by side stainless steel refrigerator with a great deal of storage & a perfectly placed window over the kitchen sink. Brand new carpet adorns the spacious bedrooms! Double doors open the large primary suite with a walk-in closet with functional bank of shelves & shoe rack built in. Cultured marble corner shower, dual vanities, knee space & matching cabinet hardware complete the primary suite. Ceiling fans & large closets found in the secondary rooms. 2 skylights illuminate the main bathroom showcasing a fiberglass surround for the bathtub/shower. Rear wrap garage includes an exterior door to the side yard. Many updates to this treasured single owner home. 2202 Aspen stands ready to be the backdrop for your next chapter! Recently enhanced sidewalks, neighborhood park, soccer fields, library & City of Portland's skate park, swimming pool, basketball courts, Veterans Memorial make Oak Ridge Estates incredibly desirable. With the Fifth & Elm event venue, new Mr. Gatti's, new retail & entertainment, Portland is a great place to be!
Key facts
- Covered front porch
- Island kitchen
- Tiled foyer
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $240k.
Deal economics
- At list price, monthly cash flow is $-242 ($-3k/yr) — negative.
- To cash-flow at today's rent, offer at most $197k (17.8% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $208k (13.1% below list).
- Recommended offer: $197k (17.8% below list) — sets the bar for cash-flow.
- Cap rate 5.1% vs local median 4.2% in Portland — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
Location & tenants
- Location reads 80/100 on livability (#36 in TX, #1,740 nationally) — a professional / high-income tenant draw. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities F, commute F.
- Gregory-Portland ISD (suburban): math 41% / reading 42% proficiency, ranked #314 of 826 in TX (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Clark El (math 40% / reading 38%, grade F, #1,651 of 4,322 statewide, top 39%, 596 students, 62% FRL); Gregory-Portland Middle (math 43% / reading 39%, grade F, #613 of 1,662 statewide, top 38%, 1,124 students, 48% FRL); Gregory-Portland H S (math 28% / reading 50%, grade F, #859 of 1,632 statewide, top 53%, 1,464 students, 45% FRL).
- Market conditions: Rents soft (-1.8%/yr); 307 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 344 units permitted in San Patricio County in 2024 (0 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
- San Patricio County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 81 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: property tax is 2.7% of price.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 81 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
- Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.87% ✗
- Cap rate
- 5.08%
- Cash-on-cash
- -4.32%
- DSCR
- 0.81
- GRM
- 9.6
CMA / ARV
- ARV (median comp)
- $279,179
- List price
- $239,989
- Delta
- -14.04%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2204 Live Oak | 0.11mi | 3/2.0 | 1,894 (-1%) | 2mo | $319,000 | $168 | 92 |
| 2020 Oak Ridge Dr | 0.17mi | 3/2.0 | 1,852 (-4%) | 2mo | $250,000 | $135 | 85 |
| 2218 Memorial Pkwy | 0.24mi | 3/2.0 | 1,865 (-3%) | 1mo | $260,000 | $139 | 83 |
| 2331 Willow Dr | 0.36mi | 3/2.0 | 1,812 (-6%) | 1mo | $219,500 | $121 | 73 |
| 2018 Chesapeake Bay Dr | 0.54mi | 3/2.0 | 1,940 (+1%) | 1mo | $314,000 | $162 | 73 |
| 1816 Clapper Rail Dr | 0.59mi | 3/2.0 | 1,896 (-1%) | 1mo | $399,900 | $211 | 70 |
| 1815 Monterey Bay Dr | 0.71mi | 3/2.0 | 1,918 (-0%) | 2mo | $379,900 | $198 | 65 |
| 2417 Oak Brook Dr | 0.54mi | 4/2.0 (+1) | 1,823 (-5%) | 1mo | $314,000 | $172 | 60 |
| 1812 White Ibis Dr | 0.63mi | 3/2.0 | 1,817 (-5%) | 2mo | $379,900 | $209 | 60 |
| 1804 Spoonbill Dr | 0.61mi | 4/3.0 (+1) | 1,993 (+4%) | 2mo | $399,900 | $201 | 54 |
| 2145 Medusa Dr | 0.68mi | 4/3.0 (+1) | 2,024 (+5%) | 1mo | $308,999 | $153 | 49 |
| 2107 Fury | 0.74mi | 4/2.0 (+1) | 1,746 (-9%) | 2mo | $324,990 | $186 | 43 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -27.5%
- Equity multiple
- 0.10×
- Total profit
- $-60,249
- Equity at exit
- $35,783
- IRR
- -45.3%
- Equity multiple
- -0.42×
- Total profit
- $-95,233
- Equity at exit
- $20,750
Cash invested: $67,197 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 78374
- Rents YoY
- -1.8%
- Active inventory
- 307
- Price-to-rent
- 9.6×
Monthly cashflow live
- Estimated rent
- $2,085 high interval (Pro) →
- Mortgage (P&I)
- −$1,259
- Tax from tax record
- −$531 /mo · $6,369/yr
- Insurance
- −$100
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$438
- Net cashflow
- $-242
Break-even live
Sensitivity live
| Price | -10% $-106 | -5% $-174 | +0% $-242 | +5% $-310 | +10% $-378 |
|---|---|---|---|---|---|
| Rent | -10% $-407 | -5% $-325 | +0% $-242 | +5% $-160 | +10% $-77 |
| Rate | -1.0pp $-121 | -0.5pp $-181 | base $-242 | +0.5pp $-304 | +1.0pp $-368 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $59,997
- Closing costs
- $7,200
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 14 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1801 Atascosa Dr Portland, TX | 3.0 | 2.0 | 1594 | $1,600 | $1.00 | 15d | 1 | 0.31mi |
| 2201 Timberline Dr Unit Na Portland, TX | 4.0 | 2.0 | 1484 | $2,200 | $1.48 | 15d | 1 | 0.50mi |
| 1825 Billy G Webb Portland, TX | 1.0–3.0 | 1.0–2.0 | 1009 | $1,983 | $1.97 | 15d | 32 | 0.62mi |
| 2012 Cottonwood Dr Portland, TX | 4.0 | 2.0 | 1619 | $2,350 | $1.45 | 23d | 1 | 0.71mi |
| 2112 Westwood Dr Portland, TX | 4.0 | 3.5 | 1863 | $2,350 | $1.26 | 15d | 1 | 0.79mi |
| 1203 Athena Dr Portland, TX | 3.0 | 2.0 | 1535 | $2,400 | $1.56 | 15d | 1 | 0.99mi |
| 101 Terlingua Dr Portland, TX | 3.0 | 2.0 | 1367 | $1,995 | $1.46 | 15d | 1 | 1.02mi |
| 1601 Moore Ave Portland, TX | 2.0–3.0 | 2.0–2.5 | 1295 | $1,899 | $1.47 | 15d | 18 | 1.03mi |
| 544 Olympic Portland, TX | 1.0–3.0 | 1.0–2.5 | 1079 | $2,825 | $2.62 | 15d | 8 | 1.06mi |
| 1461 Moore Ave Portland, TX | 2.0 | 2.5 | 1313 | $1,750 | $1.33 | 15d | 1 | 1.10mi |
| 1506 Briar St Portland, TX | 3.0 | 2.0 | 1803 | $2,300 | $1.28 | 45d | 1 | 1.20mi |
| 1012 Memorial Pkwy Portland, TX | 3.0 | 2.0 | 1409 | $1,850 | $1.31 | 45d | 1 | 1.20mi |
| 207 Blanco Dr Portland, TX | 4.0 | 2.0 | 1701 | $2,550 | $1.50 | 45d | 1 | 1.23mi |
| 217 Palmer Dr Portland, TX | 3.0 | 2.0 | 1904 | $2,175 | $1.14 | 15d | 1 | 1.35mi |
Listing history 20 events
-
2026-06-21statusdays on market $239,989 Pending 81 DOM
-
2026-06-18days on market $239,989 Active 78 DOM
-
2026-06-17days on market $239,989 Active 77 DOM
-
2026-06-16days on market $239,989 Active 76 DOM
-
2026-06-15days on market $239,989 Active 75 DOM
-
2026-06-14days on market $239,989 Active 73 DOM
-
2026-06-13days on market $239,989 Active 72 DOM
-
2026-06-10days on market $239,989 Active 70 DOM
-
2026-06-09days on market $239,989 Active 69 DOM
-
2026-06-08days on market $239,989 Active 68 DOM
-
2026-06-07days on market $239,989 Active 67 DOM
-
2026-06-03days on market $239,989 Active 63 DOM
-
2026-06-02days on market $239,989 Active 62 DOM
-
2026-06-01days on market $239,989 Active 61 DOM
-
2026-06-01status $239,989 Active 60 DOM
-
2026-05-17status Pending 1904-char remark
Show marketing remark (1904 chars)
On a quiet, winding street, residents have enjoyed the proximity to award winning Gregory-Portland ISD's TM Clark Elementary, G-P Intermediate & G-P High Schools. Spring green emerges through the mesquite tree in the front yard & mulched beds frame the brick home. The covered front porch & full lite storm door invites you into the tiled foyer. Sharp tile continues through the step down living room featuring 3 beams, cabinets, bookshelves flanking the focal brick fireplace, hearth and wooden mantel. Picture windows, beamed vaulted ceiling, chandelier, wainscoting & half brick wall grace the dining room with blind-encssed french doors leading to the extended concrete patio. Island kitchen boasts a smooth top electric range, microwave, dishwasher, service bar to the living room and side by side stainless steel refrigerator with a great deal of storage & a perfectly placed window over the kitchen sink. Brand new carpet adorns the spacious bedrooms! Double doors open the large primary suite with a walk-in closet with functional bank of shelves & shoe rack built in. Cultured marble corner shower, dual vanities, knee space & matching cabinet hardware complete the primary suite. Ceiling fans & large closets found in the secondary rooms. 2 skylights illuminate the main bathroom showcasing a fiberglass surround for the bathtub/shower. Rear wrap garage includes an exterior door to the side yard. Many updates to this treasured single owner home. 2202 Aspen stands ready to be the backdrop for your next chapter! Recently enhanced sidewalks, neighborhood park, soccer fields, library & City of Portland's skate park, swimming pool, basketball courts, Veterans Memorial make Oak Ridge Estates incredibly desirable. With the Fifth & Elm event venue, new Mr. Gatti's, new retail & entertainment, Portland is a great place to be!
-
2026-05-06historical 1904-char remark
Show marketing remark (1904 chars)
On a quiet, winding street, residents have enjoyed the proximity to award winning Gregory-Portland ISD's TM Clark Elementary, G-P Intermediate & G-P High Schools. Spring green emerges through the mesquite tree in the front yard & mulched beds frame the brick home. The covered front porch & full lite storm door invites you into the tiled foyer. Sharp tile continues through the step down living room featuring 3 beams, cabinets, bookshelves flanking the focal brick fireplace, hearth and wooden mantel. Picture windows, beamed vaulted ceiling, chandelier, wainscoting & half brick wall grace the dining room with blind-encssed french doors leading to the extended concrete patio. Island kitchen boasts a smooth top electric range, microwave, dishwasher, service bar to the living room and side by side stainless steel refrigerator with a great deal of storage & a perfectly placed window over the kitchen sink. Brand new carpet adorns the spacious bedrooms! Double doors open the large primary suite with a walk-in closet with functional bank of shelves & shoe rack built in. Cultured marble corner shower, dual vanities, knee space & matching cabinet hardware complete the primary suite. Ceiling fans & large closets found in the secondary rooms. 2 skylights illuminate the main bathroom showcasing a fiberglass surround for the bathtub/shower. Rear wrap garage includes an exterior door to the side yard. Many updates to this treasured single owner home. 2202 Aspen stands ready to be the backdrop for your next chapter! Recently enhanced sidewalks, neighborhood park, soccer fields, library & City of Portland's skate park, swimming pool, basketball courts, Veterans Memorial make Oak Ridge Estates incredibly desirable. With the Fifth & Elm event venue, new Mr. Gatti's, new retail & entertainment, Portland is a great place to be!
-
2026-04-16price $239,989 1904-char remark
Show marketing remark (1904 chars)
On a quiet, winding street, residents have enjoyed the proximity to award winning Gregory-Portland ISD's TM Clark Elementary, G-P Intermediate & G-P High Schools. Spring green emerges through the mesquite tree in the front yard & mulched beds frame the brick home. The covered front porch & full lite storm door invites you into the tiled foyer. Sharp tile continues through the step down living room featuring 3 beams, cabinets, bookshelves flanking the focal brick fireplace, hearth and wooden mantel. Picture windows, beamed vaulted ceiling, chandelier, wainscoting & half brick wall grace the dining room with blind-encssed french doors leading to the extended concrete patio. Island kitchen boasts a smooth top electric range, microwave, dishwasher, service bar to the living room and side by side stainless steel refrigerator with a great deal of storage & a perfectly placed window over the kitchen sink. Brand new carpet adorns the spacious bedrooms! Double doors open the large primary suite with a walk-in closet with functional bank of shelves & shoe rack built in. Cultured marble corner shower, dual vanities, knee space & matching cabinet hardware complete the primary suite. Ceiling fans & large closets found in the secondary rooms. 2 skylights illuminate the main bathroom showcasing a fiberglass surround for the bathtub/shower. Rear wrap garage includes an exterior door to the side yard. Many updates to this treasured single owner home. 2202 Aspen stands ready to be the backdrop for your next chapter! Recently enhanced sidewalks, neighborhood park, soccer fields, library & City of Portland's skate park, swimming pool, basketball courts, Veterans Memorial make Oak Ridge Estates incredibly desirable. With the Fifth & Elm event venue, new Mr. Gatti's, new retail & entertainment, Portland is a great place to be!
-
2026-03-27price $249,000 1904-char remark
Show marketing remark (1904 chars)
On a quiet, winding street, residents have enjoyed the proximity to award winning Gregory-Portland ISD's TM Clark Elementary, G-P Intermediate & G-P High Schools. Spring green emerges through the mesquite tree in the front yard & mulched beds frame the brick home. The covered front porch & full lite storm door invites you into the tiled foyer. Sharp tile continues through the step down living room featuring 3 beams, cabinets, bookshelves flanking the focal brick fireplace, hearth and wooden mantel. Picture windows, beamed vaulted ceiling, chandelier, wainscoting & half brick wall grace the dining room with blind-encssed french doors leading to the extended concrete patio. Island kitchen boasts a smooth top electric range, microwave, dishwasher, service bar to the living room and side by side stainless steel refrigerator with a great deal of storage & a perfectly placed window over the kitchen sink. Brand new carpet adorns the spacious bedrooms! Double doors open the large primary suite with a walk-in closet with functional bank of shelves & shoe rack built in. Cultured marble corner shower, dual vanities, knee space & matching cabinet hardware complete the primary suite. Ceiling fans & large closets found in the secondary rooms. 2 skylights illuminate the main bathroom showcasing a fiberglass surround for the bathtub/shower. Rear wrap garage includes an exterior door to the side yard. Many updates to this treasured single owner home. 2202 Aspen stands ready to be the backdrop for your next chapter! Recently enhanced sidewalks, neighborhood park, soccer fields, library & City of Portland's skate park, swimming pool, basketball courts, Veterans Memorial make Oak Ridge Estates incredibly desirable. With the Fifth & Elm event venue, new Mr. Gatti's, new retail & entertainment, Portland is a great place to be!
-
2026-03-07$259,000 Active 1904-char remark
Show marketing remark (1904 chars)
On a quiet, winding street, residents have enjoyed the proximity to award winning Gregory-Portland ISD's TM Clark Elementary, G-P Intermediate & G-P High Schools. Spring green emerges through the mesquite tree in the front yard & mulched beds frame the brick home. The covered front porch & full lite storm door invites you into the tiled foyer. Sharp tile continues through the step down living room featuring 3 beams, cabinets, bookshelves flanking the focal brick fireplace, hearth and wooden mantel. Picture windows, beamed vaulted ceiling, chandelier, wainscoting & half brick wall grace the dining room with blind-encssed french doors leading to the extended concrete patio. Island kitchen boasts a smooth top electric range, microwave, dishwasher, service bar to the living room and side by side stainless steel refrigerator with a great deal of storage & a perfectly placed window over the kitchen sink. Brand new carpet adorns the spacious bedrooms! Double doors open the large primary suite with a walk-in closet with functional bank of shelves & shoe rack built in. Cultured marble corner shower, dual vanities, knee space & matching cabinet hardware complete the primary suite. Ceiling fans & large closets found in the secondary rooms. 2 skylights illuminate the main bathroom showcasing a fiberglass surround for the bathtub/shower. Rear wrap garage includes an exterior door to the side yard. Many updates to this treasured single owner home. 2202 Aspen stands ready to be the backdrop for your next chapter! Recently enhanced sidewalks, neighborhood park, soccer fields, library & City of Portland's skate park, swimming pool, basketball courts, Veterans Memorial make Oak Ridge Estates incredibly desirable. With the Fifth & Elm event venue, new Mr. Gatti's, new retail & entertainment, Portland is a great place to be!
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast TX · Resets to sale price
- Current annual tax
- $6,369 · $531/mo
- Projected year-2 tax
- $6,369 · $531/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 d/yr by 30 yrs out
- Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $25,020
- − Mortgage interest
- −$13,443
- − Property taxes
- −$6,369
- − Insurance
- −$1,200
- − Repairs & maintenance
- −$2,002
- − Management
- −$2,002
- − Depreciation
- −$6,981
- Taxable loss
- −$6,977
- Est. tax savings @ 24.0%
- +$1,675
- After-tax cash flow
- $-1,231/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Gregory-Portland ISD
- NCES district ID
- 4821780
- Math proficiency
- 41% ▼ -15.00%
- Reading proficiency
- 42% ▼ -9.00%
- Median HH income
- $59,135
- Composite
- 36.62/100
- National rank
- #4622
- State rank
- #314 of 826 in TX
Livability — Portland
- Score
- 80/100
- State rank
- #36
- US rank
- #1740
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Portland, TX
- County
- San Patricio County · 31,224 people
- City population
- 20,408
- Metro
- Corpus Christi, TX
- Population (ZIP)
- 20,408
- Household income
- $83,504
- Rent vs Own
- Severe rent burden
- 523.0
Population outlook (San Patricio County) Hauer SSP2
- Today (2025)
- 75,538 people
- By 2030
- 79,575 · +5.3%
- By 2040
- 87,670 · +16.1%
- By 2050
- 96,107 · +27.2%
- By 2075
- 117,984 · +56.2%
- By 2100
- 130,010 · +72.1%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- White 51% Hispanic / Latino 41% Two or more races 19% Asian 2% Black 2%
- Hispanic origin (detail)
- Mexican 35% Cuban 2%
- Common ancestry
- Lithuanian 2% Slovak 2% Estonian 1%
- Foreign-born
- 7% · Canada
- Languages at home
- 79% English-only · Spanish 18% Other Indo-European 2% Tagalog/Filipino 0%
Political lean MEDSL · San Patricio
- 2024 margin
- Solid R (+36.4) · D 31.4% · R 67.8%
- 2008→2024 swing
- -19.8pp toward R · 2008: -16.6pp · 2024: -36.4pp
- All cycles
- 2024: R+36.4 2020: R+29.1 2016: R+24.1 2012: R+20.6 2008: R+16.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -227.28%
- Current HPI
- 166.5529
- Rent YoY
- ▼ -1.84%
- Metro
- Corpus Christi, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
|
||
| Technology | 5 | $198B |
|
||
| Engineering / Construction | 4 | $72B |
|
||
| Energy Services | 3 | $60B |
|
||
| Utilities | 3 | $41B |
|
||
| Healthcare | 2 | $330B |
|
||
Price history
-7.3% since first listed5 events — show timeline
- 2026-05-17 Pending — CBMLS
- 2026-05-06 Delisted — CBMLS
- 2026-04-16 Price Changed $239,989 CBMLS
- 2026-03-27 Price Changed $249,000 CBMLS
- 2026-03-07 Listed $259,000 CBMLS
Property tax history
+2.3%/yrLatest (2025): $6,369 · +13.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…