1239 Waverly St, Houston, TX, 77008 | 2.97% Rental Yield

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1239 Waverly St, Houston, TX, 77008 | 2.97% Rental Yield | Ziffy

Off market

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 Houston at 1239 Waverly St, Houston, TX, 77008 offers a 2.97% rental yield on a $1,311,500 purchase with $3,247/mo rent. 2% in year one. Equity gained on principal adds $8,463/yr while 5% annual appreciation supports $362,343 over five years. Portfolio math shows five-year ROI at 14.39% and total cumulative return in cash at $61,142. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,247/mo property income against a $6,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Great opportunity to own two lots in one of the best sections of the Houston Heights. The home located on the property has been in the same family for decades. If you are looking for a charming, original home w/comfortable floor plan in a demand area & like to redo this is IT!, So much potential w/this gem having 3 bedrooms, 2 baths, central a/h, & 12 ft ceilings. Duplex located at rear of the property offers income possibilities & has central a/h as well. The two-car garage on the property is oversized. Owner reports the Magnolia tree gracing the front yard is approximately 100 years old and adds so much to this great property. Many options here. Remodel classic home & sell the adjoining lot. Remove present structures & build larger home enjoying the space of having two lots. Or even consider a new build on each lot. Plus, there is alley access if needed. Don't let this super opportunity pass you by!S.F. reflected is approximate and includes both main house and duplex.

Neighborhood Data

Neighborhood data shown for ZIP Code: 77008, Houston, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,031 (100%)
Owner Occupied HU	11,593 (50.3%)
Renter Occupied HU	9,475 (41.1%)
Vacant Housing Units	1,963 ( 8.5%)
Median Home Value	$542,417
Average Home Value	$635,144