316 N Magnolia StHighlandsTX77562
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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 Highlands at 316 N Magnolia St, Highlands, TX, 77562 priced at $430,000 pairs $2,240/mo rent with after a $2,105/mo payment. Total monthly income equals $2,240/mo. Return on cash invested is 13.02% in year one, and rental yield stands at 6.25% on a $430,000 basis. Equity gained on principal adds $2,775/yr, and 5% annual appreciation accumulates to $118,801 by year five. Five-year ROI measures 67.11% and total cumulative return in cash reaches $95,667. For financing, Ziffy Mortgage’s DSCR program evaluates $2,240/mo property income against a $2,105/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77562, Highlands, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,559 (100%) |
| Owner Occupied HU | 3,712 (66.8%) |
| Renter Occupied HU | 1,465 (26.4%) |
| Vacant Housing Units | 382 ( 6.9%) |
| Median Home Value | $283,692 |
| Average Home Value | $324,989 |
Housing Distribution
Address Breakdown
Residential
3,960
Single Family
3,836
Multi-Family
124
Businesses
268
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