23315 S Warmstone WayKatyTX77494
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 23315 S Warmstone Way, Katy, TX, 77494 offers a 9.21% rental yield on a $486,700 purchase with $3,737/mo rent. Total monthly income registers $3,737/mo, and a $2,382/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,222/yr on $161,341 to close, and return on cash invested stands at 21.29% in year one. Equity gained on principal adds $3,141/yr while 5% annual appreciation supports $134,466 over five years. Portfolio math shows five-year ROI at 111.7% and total cumulative return in cash at $180,212. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,737/mo property income against a $2,382/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
8,264 sqft lot
$N/A/sqft
$91 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices