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Days23Days on Market
Views1view

$2,000

111 Driftwood Dr, Portland, TX, 78374

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,425 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.4 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange
FlooringCarpet, Tile

Exterior

Lot Size7,884 sqft

Building Information

Year Built1964
Roof Type109
Garage Spaces2

Land Information

APN1392-0003-0006-000
Lot Number6
SubdivisionPortland Place Unit 1
Land UseResidential
Legal DescriptionPORTLAND PLACE UNIT 1 BLK 3 LOT 6
Census Tract010601
Assessed Land Value$38,824
Assessed Improvement Value$167,595
Assessment Year2025

About this property

Step into this centrally located three-bedroom home where an open floor plan seamlessly connects the living spaces. The well-appointed kitchen boasts a smooth top stove/oven, built-in microwave, dishwasher, granite countertops, a breakfast bar, and ample cabinet space. Retreat to the master bedroom featuring a tile shower with a glass door, while two additional bedrooms and a full bath with a tub/shower combo offer comfort and convenience. Soft carpeting graces the bedrooms, and the garage houses washer/dryer hookups. Outside, a covered patio and a rear two-car garage not only provide extra parking but also enhance the home's appeal.

Investor Tools

$54,296Estimated Mortgage Balance
$168,704Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,338 /month
Positive
Cash Flow Estimate:
$446 /month

Interested in this property?

Courtney Teeter

Cass Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$494/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,809
$206,419
2025
$38,824
$167,595
$206,419
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,809
$206,419

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$77,457
No
First
May 2, 2013
Jun 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$54,296
$168,704
75%
24%
$465/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Portland

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111 Driftwood Dr | Property Details | No Agent List