31535 Hanks RdMagnoliaTX77355
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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
Rental property for sale in Magnolia at 31535 Hanks Rd, Magnolia, TX, 77355 generates $3,270/mo in rent and, after a $2,080/mo payment, leaves $248/mo in cash flow. Total monthly income is $3,270/mo, and annual cash flow is $2,975/yr on $140,888 invested. Return on cash invested sits at 22.02% in year one, and rental yield is 9.23% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 115.36% and total cumulative return in cash sums $162,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,270/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No 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: Alfred Castillo • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #24347816
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