513 Wax Myrtle WayHockleyTX77447
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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
Rental property for sale in Hockley at 513 Wax Myrtle Way, Hockley, TX, 77447 priced at $414,900 converts $4,134/mo rent into $1,133/mo cash flow after a $2,031/mo obligation. Total monthly income equals $4,134/mo, and annual cash flow totals $13,600/yr on $137,539 invested. Return on cash invested prints 29.8% in year one, and rental yield reads 11.96% against a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation compiles into $114,629 by year five. Five-year ROI reaches 157.25% and total cumulative return in cash sums $216,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,134/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 2026
0.26 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77447, Hockley, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,326 (100%) |
| Owner Occupied HU | 10,304 (83.6%) |
| Renter Occupied HU | 1,216 ( 9.9%) |
| Vacant Housing Units | 806 ( 6.5%) |
| Median Home Value | $337,739 |
| Average Home Value | $430,368 |
Housing Distribution
Address Breakdown
Residential
10,781
Single Family
10,781
Multi-Family
0
Businesses
309
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Listed by: Jared Turner • Century Communities
Mls Name: HAR
Mls Provider:
Mls ID: #54012909
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