939 Wax Myrtle LnHoustonTX77079
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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 939 Wax Myrtle Ln, Houston, TX, 77079 uses $65,397 cash to close to unlock $5,984/yr annual cash flow and $499/mo monthly cash flow. Total monthly income runs $1,902/mo, and a $966/mo payment keeps the spread at $499/mo. Purchase price stands at $197,277, and rental yield measures 11.57% with $1,902/mo rent. Return on cash invested shows 29.06% in year one, and 5% annual appreciation builds toward $54,504 over five years. Five-year ROI reaches 153.15% and total cumulative return in cash records $100,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,902/mo property income covering a $966/mo payment rather than investor’s personal income.
Townhouse
Built in 1968
8.98 Acres lot
$N/A/sqft
No 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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