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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 2327 Grey Reef Dr, Katy, TX, 77449 offers $2,420/mo rent that, after a $1,517/mo payment, leaves $216/mo cash flow. Total monthly income is $2,420/mo, and annual cash flow is $2,593/yr on $102,732 cash. Return on cash invested measures 22.43% in year one, and rental yield stands at 9.37% at a $309,900 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,620 by year five. Five-year ROI records 117.63% and total cumulative return in cash reaches $120,840. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,420/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
5,005 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 77449, Katy, TX area.
| 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 |
Residential
45,273
Single Family
39,223
Multi-Family
6,050
Businesses
1,711
Date | Event | Price |
|---|---|---|
| 2025-02-01 | Listed for sale | $309,900 |
| 2025-01-25 | Listing removed | $2,150 |
| 2024-11-25 | Price change | $2,150 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $284,806 | 3.44% |
| 2023-02-13 | $2885.90 | -17.56% | $275,337 | 7.63% |
| 2022-02-13 | $3500.80 | N/A | $255,808 | 27.32% |
Listed by: Dustin Tucker • ByOwner.com
Mls Name: HAR
Mls Provider:
Mls ID: #42366846
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