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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 297 Elm Patch Dr, Katy, TX, 77493 offers $2,377/mo rent that, after a $1,463/mo payment, leaves $164/mo cash flow. Total monthly income is $2,377/mo, and annual cash flow is $1,970/yr on $99,119 cash. Return on cash invested measures 21.9% in year one, and rental yield stands at 9.54% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 115.12% and total cumulative return in cash reaches $114,106. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,377/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
6,050 sqft lot
$N/A/sqft
$396 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 |
|---|---|---|
| 2025-05-29 | Listed for sale | $299,000 |
| 2019-03-20 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $5611.18 | 2.30% | $317,990 | 3.54% |
| 2023-05-29 | $5485.10 | 6.37% | $307,120 | 19.89% |
| 2022-05-29 | $5156.56 | N/A | $256,160 | 1265.82% |
Listed by: James Polomsky • Red Door Realty & Associates
Mls Name: HAR
Mls Provider:
Mls ID: #57346324
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