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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% |
Investment property for sale in Katy at 24622 Lake Path Cir, Katy, TX, 77493 earns $283/mo cash flow from $2,994/mo rent with a $1,786/mo payment. Total monthly income totals $2,994/mo, and annual cash flow totals $3,393/yr on $120,998 capital. ROI tracks 22.71% on current figures, and rental yield reads 9.84% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 119.51% and total cumulative return in cash sums $144,607. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,994/mo property income instead of your personal income.
Single Family
Built in 2007
7,200 sqft lot
$N/A/sqft
$525 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 |
|---|---|---|
| 2024-11-22 | Listed for sale | $365,000 |
| 2019-04-25 | Listing removed | $239,000 |
| 2019-04-03 | Pending sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $348,734 | -11.66% |
| 2023-12-27 | $6926.24 | 8.24% | $394,772 | 18.89% |
| 2022-12-27 | $6399.06 | N/A | $332,041 | 28.57% |
Listed by: Catherine Stellakis • Orchard Brokerage
Mls Name: HAR
Mls Provider:
Mls ID: #95588392
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.
