24334 Albion Lake CtKatyTX77493
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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 24334 Albion Lake Ct, Katy, TX, 77493 uses $128,954 cash to close to unlock $13,089/yr annual cash flow and $1,091/mo monthly cash flow. Total monthly income runs $3,857/mo, and a $1,904/mo payment keeps the spread at $1,091/mo. Purchase price stands at $389,000, and rental yield measures 11.9% with $3,857/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 158.48% and total cumulative return in cash records $204,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,857/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 2022
7,200 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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