1016 Caramel Shores Dr, Katy, TX, 77493 | $647/mo Cash Flow

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1016 Caramel Shores Dr, Katy, TX, 77493 | $647/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Katy at 1016 Caramel Shores Dr, Katy, TX, 77493 uses $112,677 cash to close to unlock $7,759/yr annual cash flow and $647/mo monthly cash flow. Total monthly income runs $3,064/mo, and a $1,664/mo payment keeps the spread at $647/mo. Purchase price stands at $339,900, and rental yield measures 10.82% with $3,064/mo rent. Return on cash invested shows 26.79% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 140.98% and total cumulative return in cash records $158,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,064/mo property income covering a $1,664/mo payment rather than investor’s personal income.

Single Family

Built in 2022

4,499 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful, recently built home in Sunterra! This bright, spacious house features 4 bedrooms, 3 full baths, a large game room with study nook, and a covered back patio. The primary suite upstairs offers plenty of natural light, a soaking tub, walk-in shower, dual sinks, and a big closet. Two secondary bedrooms, a full bathroom, and utility room complete the upstairs. The kitchen has stylish cabinetry, granite counters, a breakfast bar, and opens to the family/dining areas. Enjoy the landscaped yard with oak tree and a covered patio perfect for entertaining. Sunterra offers resort style amenities, including: a blue lagoon with sand beach, lazy river, splash pad, sports fields, clubhouse, pickleball courts, workout facility and walking trails. Zoned to highly rated Katy ISD schools, close to shopping, dining, and highways. Dont miss outschedule your appointment today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 77493, Katy, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,370 (100%)
Owner Occupied HU	23,744 (75.7%)
Renter Occupied HU	5,525 (17.6%)
Vacant Housing Units	2,101 ( 6.7%)
Median Home Value	$360,331
Average Home Value	$412,471