1306 Charlotte WayWhartonTX77488
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Wharton at 1306 Charlotte Way, Wharton, TX, 77488 uses $63,164 cash to close to unlock $2,426/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $933/mo payment keeps the spread at $202/mo. Purchase price stands at $190,540, and rental yield measures 10.2% with $1,620/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $52,643 over five years. Five-year ROI reaches 125.14% and total cumulative return in cash records $79,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $933/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$750 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,877
Single Family
4,986
Multi-Family
891
Businesses
696
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared Turner • Lennar Homes Village Builders, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #50215120
Disclaimer: Copyright 2025, 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.