536 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
Investment property for sale in Hockley at 536 Wax Myrtle Way, Hockley, TX, 77447 uses $110,025 cash to close to unlock $483/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,624/mo payment keeps the spread at $40/mo. Purchase price stands at $331,900, and rental yield measures 8.68% with $2,400/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $91,698 over five years. Five-year ROI reaches 106.43% and total cumulative return in cash records $117,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,624/mo payment rather than investor’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No 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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