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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 N Resident St, Wharton, TX, 77488 offers a 9.09% rental yield on a $145,000 purchase with $1,098/mo rent. Total monthly income registers $1,098/mo, and a $710/mo payment leaves $67/mo available for distribution. Annual cash flow reaches $799/yr on $48,068 to close, and return on cash invested stands at 21.57% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 112.98% and total cumulative return in cash at $54,308. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,098/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
7,248 sqft 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 |
|---|---|---|
| 2025-01-04 | Price change | $145,000 |
| 2024-12-26 | Price change | $180,000 |
| 2024-12-15 | Price change | $200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $2068.88 | -5.52% | $149,250 | 3.85% |
| 2023-02-13 | $2189.65 | -26.72% | $143,711 | 13.08% |
| 2022-02-13 | $2988.18 | 1.41% | $127,092 | 4.95% |
Listed by: Elvonda Kennedy-Young • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #57882732
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