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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 7211 Mikes St, Wallis, TX, 77485 uses $119,009 cash to close to unlock $4,119/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $2,896/mo, and a $1,757/mo payment keeps the spread at $343/mo. Purchase price stands at $359,000, and rental yield measures 9.68% with $2,896/mo rent. Return on cash invested shows 23.37% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 122.63% and total cumulative return in cash records $145,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,896/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.82 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Crystal Brown • Pinnacle Realty Advisors
Mls Name: HAR
Mls ID: #91644561
