40610 Ithaca LnMagnoliaTX77354
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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 40610 Ithaca Ln, Magnolia, TX, 77354 generates $5,039/mo in rent, after a $3,630/mo payment. Total monthly income is $5,039/mo. Return on cash invested sits at 18% in year one, and rental yield is 8.15% on a $741,600 entry. Equity gained on principal adds $4,785/yr, while 5% annual appreciation builds toward $204,890 over five years. Five-year ROI reaches 94.11% and total cumulative return in cash sums $229,604. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,039/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.68 Acres lot
$N/A/sqft
$100 monthly 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
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