8230 Red Spruce StMagnoliaTX77354
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 8230 Red Spruce St, Magnolia, TX, 77354 at $241,600 posts ROI 29.22% with $621/mo cash flow from $2,340/mo rent. Total monthly income equals $2,340/mo, and annual cash flow records $7,458/yr on $80,090 to close. Return on cash invested measures 29.22% and rental yield reads 11.62% at the current $241,600. Equity gained on principal adds $1,559/yr, and 5% annual appreciation supports $66,750 by year five. Five-year ROI prints 154.01% and total cumulative return in cash totals $123,349.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
N/A lot
$N/A/sqft
No 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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