716 Olive StWhartonTX77488
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Wharton at 716 Olive St, Wharton, TX, 77488 with 5% annual appreciation on a $169,500 basis while $1,693/mo rent supports operations. Total monthly income totals $1,693/mo and a $830/mo payment preserves $486/mo for cash returns. Annual cash flow comes to $5,829/yr on $56,189 deployed, and return on cash invested reaches 30.28% in year one. Equity gained on principal adds $1,094/yr, and five-year appreciation sums $46,830 alongside rental yield of 11.99%. Five-year ROI measures 159.72% and total cumulative return in cash totals $89,744.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,693/mo property income versus a $830/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77488, Wharton, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,877
Single Family
4,986
Multi-Family
891
Businesses
696
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Listed by: Stacie Hoyt • Texas Southern Real Estate LLC
Mls Name: HAR
Mls Provider:
Mls ID: #72816155
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