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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 2949 Fm 3012, Wharton, TX, 77488 offers a 11.2% rental yield on a $425,000 purchase with $3,965/mo rent. Total monthly income registers $3,965/mo, and a $2,080/mo payment leaves $790/mo available for distribution. Annual cash flow reaches $9,483/yr on $140,888 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 140.63% and total cumulative return in cash at $198,137. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,965/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.80 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 |
|---|---|---|
| 2024-11-29 | Price change | $425,000 |
| 2024-10-18 | Price change | $449,000 |
| 2024-08-12 | Price change | $499,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $8887.84 | -4.47% | $460,413 | 10.00% |
| 2022-12-27 | $9303.43 | 4.52% | $418,557 | 10.00% |
| 2021-12-27 | $8900.96 | 1312.94% | $380,506 | 1386.35% |
Listed by: Melanie Dubendorff • Keller Williams Signature
Mls Name: HAR
Mls Provider:
Mls ID: #77075506
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.
