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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% |
Rental property for sale in Wallis at 6418 Gresham St, Wallis, TX, 77485 offers $1,746/mo rent that, after a $1,101/mo payment, leaves $146/mo cash flow. Total monthly income is $1,746/mo, and annual cash flow is $1,755/yr on $74,588 cash. Return on cash invested measures 22.26% in year one, and rental yield stands at 9.31% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 116.72% and total cumulative return in cash reaches $87,057. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,746/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
4,199 sqft 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 |
|---|---|---|
| 2025-07-02 | Price change | $225,000 |
| 2025-06-29 | Listed for sale | $210,000 |
| 2025-05-24 | Pending sale | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-02 | $2907.70 | -4.44% | $181,046 | -2.60% |
| 2023-07-02 | $3042.74 | -60.53% | $185,888 | 4.30% |
| 2022-07-02 | $7709.60 | 4153.81% | $178,220 | 2397.13% |
Listed by: Ayriel Duffy • Lone Star Luxe Real Estate, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #95960424
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