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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 6211 Gresham St, Wallis, TX, 77485 listed at $219,000 pairs $1,508/mo rent with a $1,072/mo payment. Total monthly income runs $1,508/mo. Return on cash invested measures 19.09% in year one, and rental yield registers 8.26% at a $219,000 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,506 by year five. Five-year ROI tracks 99.68% and total cumulative return in cash totals $72,369. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,508/mo property income relative to a $1,072/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
0.73 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 |
|---|---|---|
| 2025-07-30 | Price change | $219,000 |
| 2025-07-01 | Price change | $143,500 |
| 2025-05-10 | Listed for sale | $148,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-30 | $1458.99 | 6.96% | $66,311 | 7.84% |
| 2023-07-30 | $1364.03 | -3.66% | $61,489 | 8.43% |
| 2022-07-30 | $1415.82 | -1.68% | $56,706 | N/A |
Listed by: Barbara Minton • Realm Real Estate Professionals - Katy
Mls Name: HAR
Mls Provider:
Mls ID: #28407012
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