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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Houston at 843 Wax Myrtle Ln #A, Houston, TX, 77079 offers $1,466/mo rent that, after a $734/mo payment, leaves $180/mo cash flow. Total monthly income is $1,466/mo, and annual cash flow is $2,154/yr on $49,725 cash. Return on cash invested measures 24.24% in year one, and rental yield stands at 11.73% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 129.22% and total cumulative return in cash reaches $64,254. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,466/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1969
3.46 Acres lot
$N/A/sqft
$220 monthly HOA
Neighborhood data shown for ZIP Code: 77079, Houston, TX area.
| 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 |
Residential
15,936
Single Family
7,826
Multi-Family
8,110
Businesses
1,827
Date | Event | Price |
|---|---|---|
| 2025-01-17 | Listed for rent | $1,300 |
| 2025-01-17 | Listing removed | $1,300 |
| 2024-12-17 | Listed for rent | $1,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Linh Pham • Vin Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #57823235
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
