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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wharton at 115 Old Caney Rd, Wharton, TX, 77488 at $345,000 posts ROI 17.28% with from $2,203/mo rent. Total monthly income equals $2,203/mo. Return on cash invested measures 17.28% and rental yield reads 7.66% at the current $345,000. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 by year five. Five-year ROI prints 89.98% and total cumulative return in cash totals $102,904. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,203/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77488, Wharton, TX area.
| 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 |
Residential
5,877
Single Family
4,986
Multi-Family
891
Businesses
696
Date | Event | Price |
|---|---|---|
| 2025-05-06 | Price change | $345,000 |
| 2025-02-09 | Price change | $375,000 |
| 2024-11-12 | Listed for sale | $377,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $3935.24 | 9.56% | $238,201 | 10.00% |
| 2023-05-06 | $3591.84 | -12.20% | $216,546 | 10.00% |
| 2022-05-06 | $4090.88 | -7.39% | $196,860 | 0.32% |
Listed by: Thomas Johnson • RE/MAX GO
Mls Name: HAR
Mls Provider:
Mls ID: #52351216
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