7138 Carriage Light DrMagnoliaTX77354
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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 7138 Carriage Light Dr, Magnolia, TX, 77354 priced at $549,052 pairs $4,104/mo rent with $81/mo cash flow after a $2,687/mo payment. Total monthly income equals $4,104/mo, and annual cash flow comes to $974/yr on $180,638 invested. Return on cash invested is 20.6% in year one, and rental yield stands at 8.97% on a $549,052 basis. Equity gained on principal adds $3,543/yr, and 5% annual appreciation accumulates to $151,693 by year five. Five-year ROI measures 108.03% and total cumulative return in cash reaches $195,144. For financing, Ziffy Mortgage’s DSCR program evaluates $4,104/mo property income against a $2,687/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,643 sqft lot
$N/A/sqft
$1,425 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: Ben Caballero • HomesUSA.com
Mls Name: HAR
Mls Provider:
Mls ID: #33857264
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