623 Running Iron LnMagnoliaTX77354
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 623 Running Iron Ln, Magnolia, TX, 77354 listed at $548,409 pairs $3,553/mo rent with a $2,684/mo payment. Total monthly income runs $3,553/mo. Return on cash invested measures 17.23% in year one, and rental yield registers 7.77% at a $548,409 basis. Equity gained on principal adds $3,539/yr, and annual property appreciation at 5% supports $151,515 by year five. Five-year ROI tracks 89.85% and total cumulative return in cash totals $162,122. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,553/mo property income relative to a $2,684/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.47 Acres lot
$N/A/sqft
$950 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olga M. Garza • Nan & Company Properties
Mls Name: HAR
Mls Provider:
Mls ID: #92361906
Disclaimer: Copyright 2025, 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.