24315 Lanning DrKatyTX77493
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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 24315 Lanning Dr, Katy, TX, 77493 earns $182/mo cash flow from $3,173/mo rent with a $2,031/mo payment. Total monthly income totals $3,173/mo, and annual cash flow totals $2,185/yr on $137,573 capital. ROI tracks 21.5% on current figures, and rental yield reads 9.17% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 112.72% and total cumulative return in cash sums $155,073. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,173/mo property income instead of your personal income.
Single Family
Built in 2003
8,407 sqft lot
$N/A/sqft
$480 annually 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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Listed by: Samantha Bacon • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #16011732
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