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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 206 W 1st St, Wharton, TX, 77488 uses $63,346 cash to close to unlock $1,392/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $1,522/mo, and a $935/mo payment keeps the spread at $116/mo. Purchase price stands at $191,089, and rental yield measures 9.56% with $1,522/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $52,794 over five years. Five-year ROI reaches 116.13% and total cumulative return in cash records $73,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,522/mo property income covering a $935/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.32 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 |
|---|---|---|
| 2024-09-09 | Price change | $191,089 |
| 2024-03-26 | Listed for sale | $196,999 |
| 2020-01-02 | Listing removed | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3740.59 | 20.97% | $178,276 | 25.20% |
| 2023-02-13 | $3092.20 | 2.81% | $142,388 | 11.31% |
| 2022-02-13 | $3007.73 | 1.27% | $127,923 | 4.81% |
Listed by: Dan Cook • SWE Homes
Mls Name: HAR
Mls Provider:
Mls ID: #70961487
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