24543 Pelican Hill DrKatyTX77494
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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 24543 Pelican Hill Dr, Katy, TX, 77494 uses $227,306 cash to close to unlock $4,386/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $5,279/mo, and a $3,382/mo payment keeps the spread at $366/mo. Purchase price stands at $690,900, and rental yield measures 9.17% with $5,279/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $190,883 over five years. Five-year ROI reaches 115.19% and total cumulative return in cash records $261,843. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,279/mo property income covering a $3,382/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77494, Katy, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
49,087
Single Family
38,473
Multi-Family
10,614
Businesses
2,819
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