Legacy CtMagnoliaTX77355
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
Rental property for sale in Magnolia at Legacy Ct, Magnolia, TX, 77355 generates $2,184/mo in rent, after a $1,670/mo payment. Total monthly income is $2,184/mo. Return on cash invested sits at 16.45% in year one, and rental yield is 7.68% on a $341,246 entry. Equity gained on principal adds $2,202/yr, while 5% annual appreciation builds toward $94,280 over five years. Five-year ROI reaches 85.86% and total cumulative return in cash sums $97,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,184/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.96 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77355, Magnolia, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,302 (100%) |
| Owner Occupied HU | 10,090 (82.0%) |
| Renter Occupied HU | 1,595 (13.0%) |
| Vacant Housing Units | 617 ( 5.0%) |
| Median Home Value | $431,647 |
| Average Home Value | $498,244 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
12,141
Multi-Family
410
Businesses
331
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Nearby investment properties with comparable prices
Listed by: Buddy Maxwell • Jacobs Properties
Mls Name: HAR
Mls Provider:
Mls ID: #58205364
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