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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 313 Lincoln Ave, Wharton, TX, 77488 offers a 9.36% rental yield on a $115,000 purchase with $897/mo rent. Total monthly income registers $897/mo, and a $563/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $949/yr on $38,123 to close, and return on cash invested stands at 22.4% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 117.53% and total cumulative return in cash at $44,805. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $897/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.30 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 |
|---|---|---|
| 2025-01-29 | Listed for sale | $115,000 |
| 2024-10-18 | Listing removed | $115,000 |
| 2024-10-18 | Price change | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $1236.26 | 6.79% | $157,918 | 10.00% |
| 2023-02-13 | $1157.70 | -21.93% | $143,562 | 10.00% |
| 2022-02-13 | $1482.84 | 2.36% | $130,511 | 10.00% |
Listed by: Frederick Waites • Word Realty
Mls Name: HAR
Mls Provider:
Mls ID: #46775007
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