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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 1827 Mill Crossing Ln, Katy, TX, 77450 priced at $400,000 converts $3,368/mo rent into $341/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,368/mo, and annual cash flow totals $4,094/yr on $132,600 invested. Return on cash invested prints 23% in year one, and rental yield reads 10.1% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 121.23% and total cumulative return in cash sums $160,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,368/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2002
6,050 sqft lot
$N/A/sqft
$578 annually HOA
Neighborhood data shown for ZIP Code: 77450, Katy, TX area.
| 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 |
Residential
25,836
Single Family
19,863
Multi-Family
5,973
Businesses
1,609
Date | Event | Price |
|---|---|---|
| 2025-07-17 | Price change | $400,000 |
| 2025-05-22 | Price change | $420,000 |
| 2025-04-22 | Price change | $434,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-18 | $8246.94 | 14.66% | $451,800 | 10.21% |
| 2023-07-18 | $7192.76 | -12.33% | $409,963 | -3.70% |
| 2022-07-18 | $8204.28 | N/A | $425,712 | 31.11% |
Listed by: Sherry Wanamaker • Better Homes and Gardens Real Estate Gary Greene - Katy
Mls Name: HAR
Mls Provider:
Mls ID: #29597469
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