23102 Cable Terrace DrKatyTX77494
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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
Rental property for sale in Katy at 23102 Cable Terrace Dr, Katy, TX, 77494 generates $4,494/mo in rent and, after a $2,987/mo payment, leaves $33/mo in cash flow. Total monthly income is $4,494/mo, and annual cash flow is $401/yr on $200,782 invested. Return on cash invested sits at 20.26% in year one, and rental yield is 8.84% on a $610,280 entry. Equity gained on principal adds $3,938/yr, while 5% annual appreciation builds toward $168,609 over five years. Five-year ROI reaches 106.18% and total cumulative return in cash sums $213,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,494/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
7,954 sqft lot
$N/A/sqft
$1,450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77494, Katy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 51,600 (100%) |
| Owner Occupied HU | 34,369 (66.6%) |
| Renter Occupied HU | 14,379 (27.9%) |
| Vacant Housing Units | 2,852 ( 5.5%) |
| Median Home Value | $489,545 |
| Average Home Value | $538,775 |
Housing Distribution
Address Breakdown
Residential
49,087
Single Family
38,473
Multi-Family
10,614
Businesses
2,819
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Listed by: Lisa Mann • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #76452749
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