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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% |
Investment property for sale in Katy at 1602 Brickarbor Dr, Katy, TX, 77449 offers a 10.38% rental yield on a $235,000 purchase with $2,032/mo rent. Total monthly income registers $2,032/mo, and a $1,150/mo payment leaves $328/mo available for distribution. Annual cash flow reaches $3,941/yr on $77,903 to close, and return on cash invested stands at 24.97% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 131.4% and total cumulative return in cash at $102,364. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,032/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
3,563 sqft lot
$N/A/sqft
$392 annually HOA
Neighborhood data shown for ZIP Code: 77449, Katy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 46,204 (100%) |
| Owner Occupied HU | 29,727 (64.3%) |
| Renter Occupied HU | 14,352 (31.1%) |
| Vacant Housing Units | 2,125 ( 4.6%) |
| Median Home Value | $266,123 |
| Average Home Value | $298,870 |
Residential
45,273
Single Family
39,223
Multi-Family
6,050
Businesses
1,711
Date | Event | Price |
|---|---|---|
| 2025-01-02 | Price change | $235,000 |
| 2024-11-27 | Listed for sale | $240,000 |
| 2019-03-19 | Listing removed | $118,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $1647.06 | 25.59% | $198,019 | 6.67% |
| 2023-02-13 | $1311.41 | -31.35% | $185,637 | 25.99% |
| 2022-02-13 | $1910.18 | N/A | $147,337 | 17.09% |
Listed by: David Flory • RE/MAX Universal
Mls Name: HAR
Mls Provider:
Mls ID: #24927876
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