803 Mattie St, Wharton, TX, 77488 | $102/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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803 Mattie St, Wharton, TX, 77488 | $102/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wharton at 803 Mattie St, Wharton, TX, 77488 uses $36,465 cash to close to unlock $1,226/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $884/mo, and a $538/mo payment keeps the spread at $102/mo. Purchase price stands at $110,000, and rental yield measures 9.64% with $884/mo rent. Return on cash invested shows 23.27% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 122.19% and total cumulative return in cash records $44,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $884/mo property income covering a $538/mo payment rather than investor’s personal income.

Single Family

Built in 1945

0.81 Acres lot

$N/A/sqft

No HOA

More details about the property

This cozy wood frame cottage is the perfect place to call home. With two bedrooms, one bathroom, and over half an acre of land, there's plenty of space to relax and spread out. This cottage is located in a quiet neighborhood, but it's still close to all the amenities you need. Schools, shopping, and restaurants are just a short drive away. This cottage is perfect for a first-time homebuyer, a downsizer, or anyone who wants a cozy and low-maintenance home. With some updates, this cottage could be your dream home!

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