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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 28215 Shorecrest Ln, Katy, TX, 77494 offers a 9.25% rental yield on a $597,000 purchase with $4,601/mo rent. Total monthly income registers $4,601/mo, and a $2,922/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,268/yr on $196,413 to close, and return on cash invested stands at 21.72% in year one. Equity gained on principal adds $3,852/yr while 5% annual appreciation supports $164,940 over five years. Portfolio math shows five-year ROI at 113.96% and total cumulative return in cash at $223,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,601/mo property income against a $2,922/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
9,770 sqft lot
$N/A/sqft
$1,000 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 |
|---|---|---|
| 2025-01-17 | Listed for sale | $597,000 |
| 2024-12-17 | Listing removed | $597,000 |
| 2024-12-12 | Price change | $597,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $496,826 | 10.00% |
| 2023-02-13 | $5853.86 | 76.64% | $451,660 | 10.00% |
| 2022-02-13 | $3314.07 | -53.38% | $410,600 | 10.00% |
Listed by: Tricia Turner • Realty Of America, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #36180658
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