2602 Nelga Rd Wharton, TX 77488
3bd, 2ba | 1,353sqft | Built in 1977
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Initial Investment
$106,575
List Price: $105,000
Purchase Price
$105,000
Down Payment
100%
Rent
$1,195

Market rent may range from $1,135 to $1,255


Total Return
$39,169
Annualized Return
7.4%
Cap Rate
8.0%
Gross Yield
13.7%
Cash Flow
$7,718
Appreciation
0.5%
Features
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
9,060 
HOA
None
Flood Risk
Not Required
  • Needs cosmetic updates
  • Large lot
  • Nice curb appeal
  • Listed on the MLS on 5/21/19

Annual Financial Highlight
Expected Rent
$13,623
Expenses
-$3,705
Property Taxes
-$2,200
Loan Payments
$0

Net Cash Flow
$7,718
Considerations
Property Characteristics    View Details




Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
  • There is no additional cost to having our Agent represent you in the purchase, as their fees will be paid by the seller.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

Listed By: Nancy Reyes, Wied Realty
Listing Source: MLS #94290858 details provided by Houston Association of REALTORS. Information deemed reliable but not guaranteed. Copyright 2019 Houston Association of REALTORS. All rights reserved. Data is refreshed every 30 minutes.
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