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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 121 Evans St, Wharton, TX, 77488 uses $64,643 cash to close to unlock $6,707/yr annual cash flow and $559/mo monthly cash flow. Total monthly income runs $2,023/mo, and a $954/mo payment keeps the spread at $559/mo. Purchase price stands at $195,000, and rental yield measures 12.45% with $2,023/mo rent. Return on cash invested shows 30.28% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 160.2% and total cumulative return in cash records $103,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,023/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.39 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 |
|---|---|---|
| 2024-12-05 | Price change | $195,000 |
| 2024-09-03 | Price change | $200,000 |
| 2024-08-05 | Price change | $223,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $4170.52 | -0.59% | $192,042 | 7.63% |
| 2022-12-27 | $4195.27 | -1.94% | $178,431 | 1.49% |
| 2021-12-27 | $4278.12 | 18.51% | $175,811 | 19.85% |
Listed by: Terri Mund • Terri Mund & Associates, Inc
Mls Name: HAR
Mls Provider:
Mls ID: #24643122
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
