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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 23811 Cedar Glade Ln, Katy, TX, 77493 generates $2,756/mo in rent and, after a $1,561/mo payment, leaves $373/mo in cash flow. Total monthly income is $2,756/mo, and annual cash flow is $4,472/yr on $105,749 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 10.37% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 127.21% and total cumulative return in cash sums $134,521. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,756/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
6,076 sqft lot
$N/A/sqft
$1,150 annually HOA
Neighborhood data shown for ZIP Code: 77493, Katy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,370 (100%) |
| Owner Occupied HU | 23,744 (75.7%) |
| Renter Occupied HU | 5,525 (17.6%) |
| Vacant Housing Units | 2,101 ( 6.7%) |
| Median Home Value | $360,331 |
| Average Home Value | $412,471 |
Residential
28,487
Single Family
26,616
Multi-Family
1,871
Businesses
700
Date | Event | Price |
|---|---|---|
| 2025-01-18 | Price change | $319,000 |
| 2024-12-06 | Listed for sale | $329,000 |
| 2021-11-18 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $5528.60 | 7.44% | $357,453 | -6.22% |
| 2023-02-13 | $5145.79 | -9.64% | $381,171 | 17.48% |
| 2022-02-13 | $5694.47 | N/A | $324,464 | 674.75% |
Listed by: Jennifer Tucker • Land Home and Ranch Realty
Mls Name: HAR
Mls Provider:
Mls ID: #13216743
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