24114 Morrison LnKatyTX77493
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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
Investment Highlights
Investment property for sale in Katy at 24114 Morrison Ln, Katy, TX, 77493 earns $40/mo cash flow from $2,670/mo rent with a $1,810/mo payment. Total monthly income totals $2,670/mo, and annual cash flow totals $484/yr on $122,584 capital. ROI tracks 20.3% on current figures, and rental yield reads 8.66% at a $369,786 purchase. Equity gained on principal adds $2,386/yr, and 5% annual appreciation supports $102,165 over five years. Five-year ROI reaches 106.18% and total cumulative return in cash sums $130,162. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,670/mo property income instead of your personal income.
Single Family
Built in 2016
6,015 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,487
Single Family
26,616
Multi-Family
1,871
Businesses
700
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