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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 22807 Red River Dr, Katy, TX, 77450 generates $2,629/mo in rent and, after a $1,508/mo payment, leaves $398/mo in cash flow. Total monthly income is $2,629/mo, and annual cash flow is $4,774/yr on $102,102 invested. Return on cash invested sits at 24.58% in year one, and rental yield is 10.24% on a $308,000 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation builds toward $85,095 over five years. Five-year ROI reaches 129.3% and total cumulative return in cash sums $132,016. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,629/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
6,899 sqft lot
$N/A/sqft
$485 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $308,000 |
| 2021-02-23 | Listing removed | N/A |
| 2021-02-05 | Listed for rent | $1,675 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $4901.91 | -4.02% | $268,545 | -7.74% |
| 2023-04-28 | $5107.11 | 0.20% | $291,088 | 10.06% |
| 2022-04-28 | $5097.12 | N/A | $264,484 | 35.30% |
Listed by: Tao Jiang • Sugar Lake Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #27559651
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