21312 Witham PromenadeMagnoliaTX77355
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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 Magnolia at 21312 Witham Promenade, Magnolia, TX, 77355 uses $90,168 cash to close to unlock $2,201/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $2,184/mo, and a $1,331/mo payment keeps the spread at $183/mo. Purchase price stands at $272,000, and rental yield measures 9.64% with $2,184/mo rent. Return on cash invested shows 22.35% in year one, and 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 117.48% and total cumulative return in cash records $105,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,184/mo property income covering a $1,331/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,500 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77355, Magnolia, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 10,090 (82.0%) |
| Renter Occupied HU | 1,595 (13.0%) |
| Vacant Housing Units | 617 ( 5.0%) |
| Median Home Value | $431,647 |
| Average Home Value | $498,244 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
12,141
Multi-Family
410
Businesses
331
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Listed by: Jared Turner • Empire Communities
Mls Name: HAR
Mls Provider:
Mls ID: #65716129
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