29803 Edgewater DrMagnoliaTX77354
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 29803 Edgewater Dr, Magnolia, TX, 77354 listed at $915,500 pairs $4,218/mo rent with a $4,481/mo payment. Total monthly income runs $4,218/mo. Return on cash invested measures 10.65% in year one, and rental yield registers 5.53% at a $915,500 basis. Equity gained on principal adds $5,908/yr, and annual property appreciation at 5% supports $252,936 by year five. Five-year ROI tracks 54.45% and total cumulative return in cash totals $163,998. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,218/mo property income relative to a $4,481/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
2 Acres lot
$N/A/sqft
$850 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77354, Magnolia, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,545 (100%) |
| Owner Occupied HU | 15,505 (75.5%) |
| Renter Occupied HU | 3,830 (18.6%) |
| Vacant Housing Units | 1,210 ( 5.9%) |
| Median Home Value | $465,218 |
| Average Home Value | $529,342 |
Housing Distribution
Address Breakdown
Residential
18,911
Single Family
16,788
Multi-Family
2,123
Businesses
1,260
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Darko • Keller Williams Realty Professionals
Mls Name: HAR
Mls Provider:
Mls ID: #58117662
Disclaimer: Copyright 2024, 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.