23206 Meadow Cross LnKatyTX77494
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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 23206 Meadow Cross Ln, Katy, TX, 77494 listed at $450,000 pairs $3,504/mo rent with a $2,203/mo payment to leave $195/mo cash flow. Total monthly income runs $3,504/mo, and annual cash flow reaches $2,342/yr on $149,175 cash to close. Return on cash invested measures 21.48% in year one, and rental yield registers 9.34% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 112.82% and total cumulative return in cash totals $168,294. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,504/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
8,293 sqft lot
$N/A/sqft
$1,300 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: Linda Jordan • Keller Williams Realty Metropolitan
Mls Name: HAR
Mls Provider:
Mls ID: #30924218
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