829 Wax Myrtle Ln #AHoustonTX77079
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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 Houston at 829 Wax Myrtle Ln #A, Houston, TX, 77079 offers a 12.5% rental yield on a $139,000 purchase with $1,448/mo rent. Total monthly income registers $1,448/mo, and a $680/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,591/yr on $46,079 to close, and return on cash invested stands at 25.53% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 136.51% and total cumulative return in cash at $62,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,448/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
3.46 Acres lot
$N/A/sqft
$244 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77079, Houston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,372 (100%) |
| Owner Occupied HU | 7,919 (48.4%) |
| Renter Occupied HU | 6,617 (40.4%) |
| Vacant Housing Units | 1,836 (11.2%) |
| Median Home Value | $619,062 |
| Average Home Value | $664,611 |
Housing Distribution
Address Breakdown
Residential
15,936
Single Family
7,826
Multi-Family
8,110
Businesses
1,827
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Listed by: Nhat Huynh • Nextgen Real Estate Properties
Mls Name: HAR
Mls Provider:
Mls ID: #82055784
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