501 Magnolia Dr, Troy, TX, 76579 | 7.22% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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501 Magnolia Dr, Troy, TX, 76579 | 7.22% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Troy at 501 Magnolia Dr, Troy, TX, 76579 priced at $399,000 converts $2,400/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 15.94% in year one, and rental yield reads 7.22% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 82.78% and total cumulative return in cash sums $109,490. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,953/mo payment, not borrower’s personal income.

Single Family

Built in 2025

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover a thoughtfully laid out design in the Nugget plan, offering 4 bedrooms, 2.5 bathrooms, a 2-car garage, and 2120 square feet of living space. The beamed ceiling in the living room adds a touch of modern design, creating an impressive space for relaxing with family and friends. And with an electric fireplace, you can enjoy the flickering flames year-round, adding an extra layer of comfort and elegance to your home. The spa-Like Master Bath is the epitome of relaxation. This space is designed to elevate your daily routine with features that go beyond the ordinary. From the vaulted ceilings, natural light, opposing vanities, dual-entry walk-in shower, and elegant garden tub, you will find the ultimate spot for relaxing and rejuvenation. Enjoy the many top tier finishes that make up a Carothers home, such as spray foam insulation, soft-close cabinets and drawers, wood-look ceramic tile flooring, ceiling fans throughout, fully sodded yard front and back with in ground sprinkler system and landscaping. Residents of Turtle Creek will appreciate the convenience to TROY ISD schools and I-35 along with being centrally located between Temple and Waco.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76579, Troy, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,376 (100%)
Owner Occupied HU	1,715 (72.2%)
Renter Occupied HU	465 (19.6%)
Vacant Housing Units	196 ( 8.2%)
Median Home Value	$312,327
Average Home Value	$353,136