8104 Mirmont Glen 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 8104 Mirmont Glen Ln, Magnolia, TX, 77354 priced at $565,000 converts $5,008/mo rent into $883/mo cash flow after a $2,765/mo obligation. Total monthly income equals $5,008/mo, and annual cash flow totals $10,592/yr on $185,885 invested. Return on cash invested prints 25.76% in year one, and rental yield reads 10.64% against a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation compiles into $156,099 by year five. Five-year ROI reaches 135.65% and total cumulative return in cash sums $252,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,008/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Single Family
Built in 2020
10,001 sqft lot
$N/A/sqft
$1,295 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: Richard Falgout • Berkshire Hathaway HomeServices Premier Properties
Mls Name: HAR
Mls Provider:
Mls ID: #14445057
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