18603 Morgans Forest LnKatyTX77449
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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
Investment property for sale in Katy at 18603 Morgans Forest Ln, Katy, TX, 77449 uses $122,652 cash to close to unlock $4,330/yr annual cash flow and $361/mo monthly cash flow. Total monthly income runs $2,992/mo, and a $1,811/mo payment keeps the spread at $361/mo. Purchase price stands at $369,990, and rental yield measures 9.7% with $2,992/mo rent. Return on cash invested shows 23.44% in year one, and 5% annual appreciation builds toward $102,221 over five years. Five-year ROI reaches 122.97% and total cumulative return in cash records $150,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,992/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 2014
7,108 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77449, Katy, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
45,273
Single Family
39,223
Multi-Family
6,050
Businesses
1,711
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