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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% |
Investment property for sale in Wharton at 201 McElroy Ave, Wharton, TX, 77488 offers a 9.19% rental yield on a $180,000 purchase with $1,379/mo rent. Total monthly income registers $1,379/mo, and a $881/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $506/yr on $59,670 to close, and return on cash invested stands at 20.76% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 109.07% and total cumulative return in cash at $65,081. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,379/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.36 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 |
|---|---|---|
| 2025-01-06 | Price change | $180,000 |
| 2024-12-05 | Price change | $195,000 |
| 2024-09-03 | Price change | $200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3670.82 | -10.56% | $174,951 | -7.43% |
| 2023-02-13 | $4104.08 | -0.50% | $188,983 | 7.72% |
| 2022-02-13 | $4124.74 | -2.26% | $175,431 | 1.15% |
Listed by: Terri Mund • Terri Mund & Associates, Inc
Mls Name: HAR
Mls Provider:
Mls ID: #91421794
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