78Days on Market

1view

$225,000

1008 Diomede St, Portland, TX, 78374

On Market

3 Beds

2 Bath

1,630 Sq Ft

Single Family Residence

$138.04 / sqft

Built in 1965

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating

Cooling

AppliancesDishwasher, Free Standing Range, Gas Oven, Gas Range, Refrigerator, Range Hood, Dryer, Washer

FlooringLaminate

Exterior

Lot Size8,059 sqft

Building Information

Year Built1965

Roof Type105

Garage Spaces2

Land Information

APN2027-0001-0004-000

Lot Number4

SubdivisionWestcliff Addn Unit 1

Land UseResidential

Legal DescriptionWESTCLIFF ADDN UNIT 1 BLK 1 LOT 4

Census Tract010601

Assessed Land Value$39,365

Assessed Improvement Value$184,094

Assessment Year2025

About this property

Welcome to 1008 Diomede Dr in Portland, Texas! This very functional 3-bedroom, 2-bath home offers approximately 1,630 square feet of comfortable living space and includes a versatile office that can easily serve as a 4th bedroom, playroom, or flex space to fit your needs. Situated on a 70ft X 115ft lot with beautiful mature trees, this property provides plenty of room to enjoy outdoor living. The large screened in covered back porch is ready for your personal touch adding to your living space outside the main house. Major updates include a new roof installed in 2024 and a new HVAC system installed in 2025, providing peace of mind for years to come. The home also features a 2-car garage and a functional layout ideal for families, first-time buyers, or investors. Whether you're looking for a place to call home or a solid rental property opportunity, this Portland gem offers space, flexibility, and value. Don't miss your chance to make it yours!

Investor Tools

$197,134Estimated Mortgage Balance

$26,325Estimated Equity

11% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,350 /month

Positive

Cash Flow Estimate:

$450 /month

Interested in this property?

Pamela Pearce

RE/MAX Security Real Estate

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$528/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,218

$223,459

2025

$39,365

$184,094

$223,459

Tax History

Year

Tax Paid

Assessed Value

2024

$5,218

$223,459

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Sfmc Lp

Fha

$203,500

Yes

First

Oct 11, 2024

Nov 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$197,134

$26,325

11%

88%

$1,221/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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