1018 Cascade Creek DrKatyTX77450
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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
Investment property for sale in Katy at 1018 Cascade Creek Dr, Katy, TX, 77450 uses $99,119 cash to close to unlock $4,251/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $2,480/mo, and a $1,463/mo payment keeps the spread at $354/mo. Purchase price stands at $299,000, and rental yield measures 9.95% with $2,480/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 127.09% and total cumulative return in cash records $125,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,480/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1983
6,930 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77450, Katy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,806 (100%) |
| Owner Occupied HU | 16,796 (62.7%) |
| Renter Occupied HU | 9,008 (33.6%) |
| Vacant Housing Units | 1,002 ( 3.7%) |
| Median Home Value | $368,833 |
| Average Home Value | $417,525 |
Housing Distribution
Address Breakdown
Residential
25,836
Single Family
19,863
Multi-Family
5,973
Businesses
1,609
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