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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 24330 Condors Nest, Katy, TX, 77494 generates $2,708/mo in rent and, after a $1,703/mo payment, leaves $210/mo in cash flow. Total monthly income is $2,708/mo, and annual cash flow is $2,518/yr on $115,362 invested. Return on cash invested sits at 22.09% in year one, and rental yield is 9.34% on a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 115.84% and total cumulative return in cash sums $133,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,708/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5,505 sqft lot
$N/A/sqft
$285 annually HOA
Neighborhood data shown for ZIP Code: 77494, Katy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 51,600 (100%) |
| Owner Occupied HU | 34,369 (66.6%) |
| Renter Occupied HU | 14,379 (27.9%) |
| Vacant Housing Units | 2,852 ( 5.5%) |
| Median Home Value | $489,545 |
| Average Home Value | $538,775 |
Residential
49,087
Single Family
38,473
Multi-Family
10,614
Businesses
2,819
Date | Event | Price |
|---|---|---|
| 2024-12-21 | Listed for sale | $348,000 |
| 2024-12-10 | Listing removed | $2,215 |
| 2024-12-06 | Price change | $2,215 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $320,000 | -1.54% |
| 2023-12-27 | $5701.91 | 2.34% | $324,990 | 2.04% |
| 2022-12-27 | $5571.51 | N/A | $318,500 | 34.26% |
Listed by: David Garcia • Mainstay Brokerage, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #11708032
Disclaimer: Copyright 2024, 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.
