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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 24234 Lake Path Cir, Katy, TX, 77493 generates $2,576/mo in rent and, after a $1,591/mo payment, leaves $184/mo in cash flow. Total monthly income is $2,576/mo, and annual cash flow is $2,210/yr on $107,738 invested. Return on cash invested sits at 21.96% in year one, and rental yield is 9.51% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 115.4% and total cumulative return in cash sums $124,333. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,576/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
6,899 sqft lot
$N/A/sqft
$575 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 |
|---|---|---|
| 2025-02-03 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $5784.71 | -3.02% | $316,910 | -6.79% |
| 2023-02-13 | $5965.12 | 6.09% | $339,991 | 16.53% |
| 2022-02-13 | $5622.91 | N/A | $291,767 | 28.94% |
Listed by: Brian Schweiker • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #86177968
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