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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 1802 Kelving Way Ct, Wharton, TX, 77488 priced at $575,000 converts $3,001/mo rent into after a $2,814/mo obligation. Total monthly income equals $3,001/mo. Return on cash invested prints 13.16% in year one, and rental yield reads 6.26% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 67.85% and total cumulative return in cash sums $128,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,001/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.48 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 |
|---|---|---|
| 2025-08-01 | Price change | $575,000 |
| 2025-06-14 | Price change | $595,000 |
| 2025-02-21 | Price change | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-01 | $5843.49 | 1.47% | $542,765 | 10.00% |
| 2023-08-01 | $5759.09 | -23.98% | $493,423 | 10.00% |
| 2022-08-01 | $7575.95 | 1.37% | $448,566 | 10.00% |
Listed by: Shannon Araya • Keller Williams Premier Realty
Mls Name: HAR
Mls Provider:
Mls ID: #28351321
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