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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% |
Rental property for sale in Wharton at 1601 Harris St, Wharton, TX, 77488 priced at $163,900 converts $1,612/mo rent into $426/mo cash flow after a $802/mo obligation. Total monthly income equals $1,612/mo, and annual cash flow totals $5,116/yr on $54,333 invested. Return on cash invested prints 29.33% in year one, and rental yield reads 11.8% against a $163,900 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,283 by year five. Five-year ROI reaches 154.76% and total cumulative return in cash sums $84,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,612/mo property income covering a $802/mo payment, not borrower’s personal income.
Single Family
Built in 1955
8,245 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $163,900 |
| 2025-03-18 | Listing removed | $179,900 |
| 2024-12-16 | Price change | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $2964.48 | -1.01% | $141,287 | 2.45% |
| 2023-04-02 | $2994.77 | 11.68% | $137,902 | 20.91% |
| 2022-04-02 | $2681.63 | 57.64% | $114,054 | 63.15% |
Listed by: Timotheus Mitchell • MOD Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #54999205
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