24014 Adobe Ridge Ln, Katy, TX, 77493 | 8.08% Rental Yield

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24014 Adobe Ridge Ln, Katy, TX, 77493 | 8.08% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Katy at 24014 Adobe Ridge Ln, Katy, TX, 77493 generates $2,459/mo in rent, after a $1,786/mo payment. Total monthly income is $2,459/mo. Return on cash invested sits at 18.56% in year one, and rental yield is 8.08% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 96.8% and total cumulative return in cash sums $117,127. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,459/mo property income rather than buyer’s personal income.

Single Family

Built in 2015

5,749 sqft lot

$N/A/sqft

No HOA

More details about the property

Step inside this spacious 3 bedroom, 2 bath home with a private study and serene primary suite. Built by KB Homes, features include: elegant extended foyer with high ceilings, a large home office/study that can be your home gym, media room, or function as a 4th bedroom. Multiple high ceilings with recessed lighting. Large rooms with ample closets and storage space. Open kitchen w/beautiful granite island, counter space, and steps away from separate dining area. Primary suite has room for seating, en-suite bath with garden tub and a large walk-in closet . The room feels open with high ceilings and recessed lighting. Outside, the backyard is perfect for relaxing under the covered patio. Motorized screens create a more comfortable and functional space. Subdivision has walking trails connecting to playground and pavilion for children and families.Mason Creek Park N Hike & Bike Trail is is next to Katy Oaks Subdivision. Easy Access to TX-99, Katy, Katy Mills, entertainment, and more.

Neighborhood Data

Neighborhood data shown for ZIP Code: 77493, Katy, TX area.

Housing Distribution

Housing Statistics

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