299 County Road 157WhartonTX77488
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Wharton at 299 County Road 157, Wharton, TX, 77488 uses $49,725 cash to close to unlock $4,110/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,409/mo, and a $734/mo payment keeps the spread at $343/mo. Purchase price stands at $150,000, and rental yield measures 11.27% with $1,409/mo rent. Return on cash invested shows 28.17% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 148.4% and total cumulative return in cash records $73,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,409/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 2005
2.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77488, Wharton, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,877
Single Family
4,986
Multi-Family
891
Businesses
696
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Listed by: Deborah Folks • Wied Realty
Mls Name: HAR
Mls Provider:
Mls ID: #24833917
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