20511 Rimini River Way, Katy, TX, 77449 | $222/mo Cash Flow

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20511 Rimini River Way, Katy, TX, 77449 | $222/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Katy at 20511 Rimini River Way, Katy, TX, 77449 earns $222/mo cash flow from $2,345/mo rent with a $1,461/mo payment. Total monthly income totals $2,345/mo, and annual cash flow totals $2,668/yr on $98,953 capital. ROI tracks 22.61% on current figures, and rental yield reads 9.43% at a $298,500 purchase. Equity gained on principal adds $1,926/yr, and 5% annual appreciation supports $82,470 over five years. Five-year ROI reaches 118.54% and total cumulative return in cash sums $117,297. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,345/mo property income instead of your personal income.

Single Family

Built in 2016

6,947 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 20511 Rimini River Way. This three-bedroom, two-bathroom home with a versatile flex roomperfect as a formal dining room, study, or home officeis located in the desirable Jasmine Heights subdivision in Katy. The home features a number of updates, including new tile flooring with fresh baseboards, an accent wall in the living room, stylish backsplash in the kitchen, upgraded lighting and pendant fixtures that enhance the interior. Bedrooms two and three feature newly installed carpet, and bedroom two includes a custom closet organizer. The laundry room has been improved with new tile, updated wall finishes, and added cabinetry for extra storage, while the secondary bathroom offers refreshed tile work. Outside, enjoy an extended backyard patio ideal for relaxing or entertaining. Ideally located for commuters who work in Houston or nearby employment hubs and prefer the comfort of suburban living, this home also benefits from zoning to the highly regarded Katy ISD schools.

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