1551 Hoveden DrKatyTX77450
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
Investment Highlights
Rental property for sale in Katy at 1551 Hoveden Dr, Katy, TX, 77450 generates $3,938/mo in rent and, after a $2,414/mo payment, leaves $406/mo in cash flow. Total monthly income is $3,938/mo, and annual cash flow is $4,869/yr on $163,496 invested. Return on cash invested sits at 22.89% in year one, and rental yield is 9.58% on a $493,200 entry. Equity gained on principal adds $3,183/yr, while 5% annual appreciation builds toward $136,262 over five years. Five-year ROI reaches 120.08% and total cumulative return in cash sums $196,329. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,938/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
7,930 sqft lot
$N/A/sqft
$25 monthly 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