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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 3026 Rainmont Ln, Katy, TX, 77449 priced at $320,000 pairs $2,452/mo rent with $143/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,452/mo, and annual cash flow comes to $1,720/yr on $106,080 invested. Return on cash invested is 21.53% in year one, and rental yield stands at 9.2% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 112.92% and total cumulative return in cash reaches $119,787. For financing, Ziffy Mortgage’s DSCR program evaluates $2,452/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
9,043 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 77449, Katy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 46,204 (100%) |
| Owner Occupied HU | 29,727 (64.3%) |
| Renter Occupied HU | 14,352 (31.1%) |
| Vacant Housing Units | 2,125 ( 4.6%) |
| Median Home Value | $266,123 |
| Average Home Value | $298,870 |
Residential
45,273
Single Family
39,223
Multi-Family
6,050
Businesses
1,711
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $320,000 |
| 2024-07-29 | Listing removed | $320,000 |
| 2024-07-14 | Listed for sale | $330,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $289,463 | -7.62% |
| 2023-12-27 | $2978.70 | -17.12% | $313,331 | 14.63% |
| 2022-12-27 | $3594.00 | N/A | $273,339 | 28.43% |
Listed by: Abigail Williams • One Property Grp
Mls Name: HAR
Mls Provider:
Mls ID: #25799253
Disclaimer: Copyright 2024, 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.
