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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 24018 Adobe Ridge Ln, Katy, TX, 77493 generates $2,824/mo in rent and, after a $1,640/mo payment, leaves $391/mo in cash flow. Total monthly income is $2,824/mo, and annual cash flow is $4,697/yr on $111,053 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 10.12% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 126.95% and total cumulative return in cash sums $140,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,824/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
5,749 sqft lot
$N/A/sqft
$600 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 |
|---|---|---|
| 2025-06-10 | Price change | $335,000 |
| 2025-04-21 | Price change | $339,990 |
| 2025-03-18 | Listed for sale | $349,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-10 | $4291.38 | 18.05% | $351,384 | 3.81% |
| 2023-06-10 | $3635.36 | -14.53% | $338,501 | 6.80% |
| 2022-06-10 | $4253.51 | N/A | $316,951 | 32.88% |
Listed by: Mark Dimas • Realty Of America, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #75484018
Disclaimer: Copyright 2025, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
