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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 2815 Lakecrest Way Dr, Katy, TX, 77493 offers $2,605/mo rent that, after a $1,468/mo payment, leaves $431/mo cash flow. Total monthly income is $2,605/mo, and annual cash flow is $5,172/yr on $99,417 cash. Return on cash invested measures 25.11% in year one, and rental yield stands at 10.42% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 132.11% and total cumulative return in cash reaches $131,344. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,605/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
5,048 sqft lot
$N/A/sqft
$495 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 |
|---|---|---|
| 2025-02-01 | Price change | $299,900 |
| 2024-11-14 | Listed for sale | $320,000 |
| 2019-05-31 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $275,349 | -8.24% |
| 2023-02-13 | $3026.28 | -16.90% | $300,085 | 15.24% |
| 2022-02-13 | $3641.77 | N/A | $260,408 | 25.22% |
Listed by: Tina Collier • Realm Real Estate Professionals - Katy
Mls Name: HAR
Mls Provider:
Mls ID: #10082678
Disclaimer: Copyright 2025, 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.
