424 High Meadow Ranch DrMagnoliaTX77355
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 424 High Meadow Ranch Dr, Magnolia, TX, 77355 projects strong ROI of 1.33%. Rental yield 2.39%. With 5% annual appreciation, the property builds $773,561 in value over five years. Equity growth combined delivers a projected five-year ROI of 4.36%, translating into $39,571 in total cumulative return on $907,168 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2002
2.91 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Driskill • Keller Williams Realty Northeast
Mls Name: HAR
Mls Provider:
Mls ID: #43540008
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.