Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1622 Kelving Way, Wharton, TX, 77488 priced at $450,000 pairs $3,292/mo rent with $69/mo cash flow after a $2,203/mo payment. Total monthly income equals $3,292/mo, and annual cash flow comes to $832/yr on $149,175 invested. Return on cash invested is 20.47% in year one, and rental yield stands at 8.78% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 107.12% and total cumulative return in cash reaches $159,798. For financing, Ziffy Mortgage’s DSCR program evaluates $3,292/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.99 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 |
|---|---|---|
| 2024-10-22 | Listed for sale | $450,000 |
| 2024-08-15 | Listing removed | N/A |
| 2024-08-14 | Price change | $415,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $7733.35 | 81.56% | $356,102 | 96.56% |
| 2022-12-27 | $4259.50 | -2.21% | $181,163 | 1.21% |
| 2021-12-27 | $4355.72 | -40.10% | $179,000 | -39.42% |
Listed by: Stacie Hoyt • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #63473255
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.
