101 Lake Shore Dr, Wharton, TX, 77488 | $16/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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101 Lake Shore Dr, Wharton, TX, 77488 | $16/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wharton at 101 Lake Shore Dr, Wharton, TX, 77488 offers a 8.6% rental yield on a $274,900 purchase with $1,970/mo rent. Total monthly income registers $1,970/mo, and a $1,346/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $188/yr on $91,129 to close, and return on cash invested stands at 20.11% in year one. Equity gained on principal adds $1,774/yr while 5% annual appreciation supports $75,950 over five years. Portfolio math shows five-year ROI at 105.16% and total cumulative return in cash at $95,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,970/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1982

0.83 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 3 bedroom 2 bath 2 car garage on 3/4 acre corner lot. The home was tastefully remodeled in 2023.There is wood toned Luxury vinyl flooring throughout. The split floor plan gives the children their own space while allowing mom and dad privacy. The kitchen has new counter tops, undermount sink and all new kitchen appliances. New crown molding and baseboards in all rooms. Can lighting was added to the kitchen, dining, living, all closets , primary bedroom and bath . All rooms received new ceiling fans. The primary bath also received a facelift with new countertop, walk in shower and walk in closet. Extra lighting was also added the the garage. The 3/4 acre lot is well shaded by numerous mature pecan trees. As a bonus there is also a storage building for on the lot. A portion of the yard has a privacy fence for the cozy feel on the back patio.

Neighborhood Data

Neighborhood data shown for ZIP Code: 77488, Wharton, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,388 (100%)
Owner Occupied HU	3,523 (55.2%)
Renter Occupied HU	2,014 (31.5%)
Vacant Housing Units	851 (13.3%)
Median Home Value	$198,776
Average Home Value	$280,270