217 Elm Patch Dr, Katy, TX, 77493 | $700/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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217 Elm Patch Dr, Katy, TX, 77493 | $700/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

Rental property for sale in Katy at 217 Elm Patch Dr, Katy, TX, 77493 priced at $340,000 pairs $3,118/mo rent with $700/mo cash flow after a $1,664/mo payment. Total monthly income equals $3,118/mo, and annual cash flow comes to $8,404/yr on $112,710 invested. Return on cash invested is 27.37% in year one, and rental yield stands at 11% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 144.06% and total cumulative return in cash reaches $162,366. For financing, Ziffy Mortgage’s DSCR program evaluates $3,118/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2019

9,326 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 217 Elm Patch Drive, a beautifully maintained home located in the desirable Freeman Ranch subdivision of Katy, Texas. This property combines modern comfort with suburban charm, offering the perfect retreat in Waller County. Step inside and youll be greeted by a bright, open floor plan with spacious living areas designed for both relaxation and entertaining. The kitchen is the heart of the home, featuring sleek cabinetry, ample counter space, and modern appliancesideal for home chefs and family gatherings alike. The primary suite provides a peaceful retreat with a large walk-in closet and a private bath. Additional bedrooms are generously sized, offering flexibility for family, guests, or even a home office. Outside, enjoy a private backyard perfect for weekend barbecues, playtime, or simply unwinding after a long day. Freeman Ranch offers a warm community feel. Book your appointment today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 77493, Katy, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,370 (100%)
Owner Occupied HU	23,744 (75.7%)
Renter Occupied HU	5,525 (17.6%)
Vacant Housing Units	2,101 ( 6.7%)
Median Home Value	$360,331
Average Home Value	$412,471