3012 Ruby Ridge DrKatyTX77493
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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
Rental property for sale in Katy at 3012 Ruby Ridge Dr, Katy, TX, 77493 offers $3,227/mo rent that, after a $1,733/mo payment, leaves $609/mo cash flow. Total monthly income is $3,227/mo, and annual cash flow is $7,312/yr on $117,348 cash. Return on cash invested measures 26.14% in year one, and rental yield stands at 10.94% at a $353,990 entry. Equity gained on principal adds $2,284/yr while 5% annual appreciation compounds into $97,801 by year five. Five-year ROI records 137.86% and total cumulative return in cash reaches $161,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,227/mo property income versus a $1,733/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77493, Katy, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
28,487
Single Family
26,616
Multi-Family
1,871
Businesses
700
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Listed by: Jared Turner • Lennar Homes Village Builders, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #34422037
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