Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 3023 Ruby Ridge Dr, Katy, TX, 77493 offers $2,640/mo rent that, after a $1,441/mo payment, leaves $546/mo cash flow. Total monthly income is $2,640/mo, and annual cash flow is $6,554/yr on $97,627 cash. Return on cash invested measures 26.62% in year one, and rental yield stands at 10.76% at a $294,500 entry. Equity gained on principal adds $1,900/yr while 5% annual appreciation compounds into $81,365 by year five. Five-year ROI records 140.08% and total cumulative return in cash reaches $136,753. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $1,441/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
No 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 |
|---|---|---|
| 2025-05-27 | Pending sale | $371,990 |
| 2025-05-05 | Price change | $295,000 |
| 2025-04-24 | Price change | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-11-01 | N/A | N/A | $121,620 | N/A |
Listed by: N/A • N/A
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A
