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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 509 E Alabama St, Wharton, TX, 77488 with 5% annual appreciation on a $189,000 basis while $1,916/mo rent supports operations. Total monthly income totals $1,916/mo and a $925/mo payment preserves $572/mo for cash returns. Annual cash flow comes to $6,865/yr on $62,654 deployed, and return on cash invested reaches 30.87% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 12.17%. Five-year ROI measures 162.87% and total cumulative return in cash totals $102,046.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,916/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
7,248 sqft 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 |
|---|---|---|
| 2024-11-20 | Listed for sale | $189,000 |
| 2024-11-15 | Pending sale | $189,000 |
| 2024-10-28 | Listed for sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-27 | $822.81 | -15.41% | $108,780 | 10.00% |
| 2022-12-27 | $972.71 | 2.90% | $98,891 | 10.00% |
| 2021-12-27 | $945.30 | 3.31% | $89,901 | 10.00% |
Listed by: Lyle Muegge • Keller Williams Realty Southwest
Mls Name: HAR
Mls Provider:
Mls ID: #78061621
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