1138 Rennie DrKatyTX77450
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1138 Rennie Dr, Katy, TX, 77450 in Katy is a top-tier cash-flow asset. At $407,000 it produces $3,515/mo in rent and $596/mo in net monthly income, a 10.36% gross rental yield. The DSCR of 1.92 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $7,147. Five-year appreciation adds $112,447, driving a total cumulative return of $194,416.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 5.8% |
| Monthly Cash Flow | $596 | $320 |
City averages based on Katy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,515 |
| Total Monthly Debt Service | $2,757 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
7,993 sqft lot
$N/A/sqft
$300 annually 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
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
Single Family
Built in 1978
7,993 sqft lot
$N/A/sqft
$300 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lenore Smith • Lenore Smith Realty Group, Inc
Mls Name: HAR
Mls Provider:
Mls ID: #76767097
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