505 Magnolia DrTroyTX76579
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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 Troy at 505 Magnolia Dr, Troy, TX, 76579 priced at $392,000 pairs $2,034/mo rent with after a $1,919/mo payment. Total monthly income equals $2,034/mo. Return on cash invested is 12.56% in year one, and rental yield stands at 6.23% on a $392,000 basis. Equity gained on principal adds $2,530/yr, and 5% annual appreciation accumulates to $108,302 by year five. Five-year ROI measures 64.81% and total cumulative return in cash reaches $84,216. For financing, Ziffy Mortgage’s DSCR program evaluates $2,034/mo property income against a $1,919/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
8,276 sqft lot
$N/A/sqft
$500 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,280
Single Family
2,225
Multi-Family
55
Businesses
117
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Listed by: Wendy Nichols • Carothers Executive Homes, LTD
Mls Name: NTREIS
Mls ID: #20975303
Disclaimer: IDX information is provided exclusively for 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.