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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 Wallis at 3021 W Fm 1093 Rd, Wallis, TX, 77485 offers a 2.39% rental yield on a $1,350,000 purchase with $2,686/mo rent. 4% in year one. Equity gained on principal adds $8,711/yr while 5% annual appreciation supports $372,980 over five years. Portfolio math shows five-year ROI at 4.73% and total cumulative return in cash at $20,681. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,686/mo property income against a $6,608/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
15.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77485, Wallis, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,983 (100%) |
| Owner Occupied HU | 1,408 (71.0%) |
| Renter Occupied HU | 318 (16.0%) |
| Vacant Housing Units | 257 (13.0%) |
| Median Home Value | $323,364 |
| Average Home Value | $337,124 |
Residential
1,299
Single Family
1,275
Multi-Family
24
Businesses
106
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $1,350,000 |
| 2025-03-24 | Listing removed | $1,399,000 |
| 2025-02-14 | Listed for sale | $1,399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-25 | $4735.98 | 2.75% | $481,130 | 9.16% |
| 2023-04-25 | $4609.39 | -12.58% | $440,737 | 27.15% |
| 2022-04-25 | $5272.97 | -0.33% | $346,631 | 0.00% |
Listed by: Lyle Muegge • Keller Williams Realty Southwest
Mls Name: HAR
Mls Provider:
Mls ID: #68198542
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