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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 1703 Garrett Ct, Wharton, TX, 77488 offers $2,080/mo rent that, after a $2,080/mo payment. Total monthly income is $2,080/mo. Return on cash invested measures 11.88% in year one, and rental yield stands at 5.87% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 61.01% and total cumulative return in cash reaches $85,961. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,080/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
5.74 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 |
|---|---|---|
| 2024-12-26 | Listed for sale | $425,000 |
| 2023-08-31 | Sold | N/A |
| 2023-08-14 | Pending sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $830.34 | -48.98% | $143,641 | 2.17% |
| 2022-12-27 | $1627.49 | 2.23% | $140,593 | 9.93% |
| 2021-12-27 | $1592.01 | -0.59% | $127,888 | 3.75% |
Listed by: Lin Hutzenbiler • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #82156866
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.
