630 Running Iron 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 630 Running Iron Ln, Magnolia, TX, 77354 priced at $524,897 converts $3,012/mo rent into after a $2,569/mo obligation. Total monthly income equals $3,012/mo. Return on cash invested prints 14.5% in year one, and rental yield reads 6.89% against a $524,897 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation compiles into $145,019 by year five. Five-year ROI reaches 75.25% and total cumulative return in cash sums $129,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,012/mo property income covering a $2,569/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A 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
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Listed by: Olga M. Garza • Nan & Company Properties
Mls Name: HAR
Mls Provider:
Mls ID: #24262799
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