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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 1823 Oakwell Ln, Katy, TX, 77449 priced at $190,000 converts $1,450/mo rent into $65/mo cash flow after a $930/mo obligation. Total monthly income equals $1,450/mo, and annual cash flow totals $785/yr on $62,985 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 9.16% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 111.02% and total cumulative return in cash sums $69,924. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,450/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1980
6,899 sqft lot
$N/A/sqft
$401 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 |
|---|---|---|
| 2025-04-23 | Listed for sale | $190,000 |
| 2009-07-18 | Listing removed | $89,500 |
| 2009-05-13 | Price change | $89,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $2368.35 | 21.72% | $233,558 | -2.92% |
| 2023-04-23 | $1945.67 | -23.54% | $240,586 | 14.31% |
| 2022-04-23 | $2544.79 | N/A | $210,466 | 27.07% |
Listed by: Bernardo Aldape III • CJM Realty Advisors
Mls Name: HAR
Mls Provider:
Mls ID: #50633800
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
