40650 Creekside Bluff Trl
Magnolia, TX 77354
List Price
$318,500
Initial Investment
$86,791Purchase Price
$318,500
Down Payment
25%
Rent
$2,580
Total Return
$106,216
Annualized Return
16.6%
Cap Rate
4.5%
Gross Yield
9.7%
Cash Flow
-$3,278
Appreciation
6.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,190
HOA
$63/mo
Flood Risk
Not Required
There's so much to love about this beautiful 2 story home! Awesome floor plan offers the primary bedroom and secondary bedroom downstairs. Upstairs you find a spacious game room, two additional bedrooms and full bath. Fantastic waterfront location means No Back Neighbors! The homeowner upgraded the primary bath with a gorgeous frameless glass shower! There is a unique storage space underneath the stairs. Great use of space. Upgraded sprinkler system as well. Enjoy a cup of coffee on the covered back patio overlooking the water. Home is located just a short distance to the community pool, splash pad & playground! Mill Creek Estates is located approximately two miles to HEB, Magnolia High School and the soon to be opening Lowes. Lots of shopping, restaurants and good access to 249 Toll road. You will be proud to make this house your HOME!
See more in Analysis
Fred McDaniel
Realty ONE Group Iconic
TX Agent License #573495
Annual Financial Highlights
Expected Rent
$29,412Expenses
-$5,315Property Taxes
-$10,060Loan Payments
-$17,315Net Cash Flow
-$3,278See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Mary Markwardt
Agent License 0603318
HOUSTON TOP REALTY
Agent License 0603318
HOUSTON TOP REALTY
Certified Agent Brokerage:Fred McDaniel
Realty ONE Group Iconic
TX Brokerage License 9003340
Realty ONE Group Iconic
TX Brokerage License 9003340
SourceHouston Association of REALTORS®
MLS #24609356
Last Updated: 04/19/2025 06:04
MLS #24609356
Last Updated: 04/19/2025 06:04