23334 Fairbranch DrKatyTX77494
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 23334 Fairbranch Dr, Katy, TX, 77494 in Katy offers a clean, manageable entry. Rental yield 7.24%. DSCR 1.45 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $126,509 in additional property value over five years, with $4,217/yr in principal equity building ownership stake. Total projected cumulative return: $152,150.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 5.8% |
| Monthly Cash Flow | $(655) | $320 |
City averages based on Katy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,979 |
| Total Monthly Debt Service | $3,165 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1996
9,047 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
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
Single Family
Built in 1996
9,047 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