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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Katy at 1314 Caravelle Ct, Katy, TX, 77494 offers $3,350/mo rent that, after a $1,817/mo payment, leaves $657/mo cash flow. Total monthly income is $3,350/mo, and annual cash flow is $7,883/yr on $123,086 cash. Return on cash invested measures 26.31% in year one, and rental yield stands at 10.83% at a $371,300 entry. Equity gained on principal adds $2,396/yr while 5% annual appreciation compounds into $102,583 by year five. Five-year ROI records 138.57% and total cumulative return in cash reaches $170,561. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,350/mo property income versus a $1,817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
5,599 sqft lot
$N/A/sqft
$53 monthly HOA
Neighborhood data shown for ZIP Code: 77494, Katy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 51,600 (100%) |
| Owner Occupied HU | 34,369 (66.6%) |
| Renter Occupied HU | 14,379 (27.9%) |
| Vacant Housing Units | 2,852 ( 5.5%) |
| Median Home Value | $489,545 |
| Average Home Value | $538,775 |
Residential
49,087
Single Family
38,473
Multi-Family
10,614
Businesses
2,819
Date | Event | Price |
|---|---|---|
| 2025-08-26 | Listing removed | $2,895 |
| 2025-08-06 | Listed for rent | $2,895 |
| 2025-05-31 | Pending sale | $395,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-28 | N/A | N/A | $377,205 | 10.00% |
| 2024-10-28 | $2278.74 | 4.65% | $342,914 | 10.00% |
| 2023-10-28 | $2177.47 | -39.84% | $311,740 | 10.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
