3068 Ruby Ridge Dr, Katy, TX, 77493 | $1,839/mo Cash Flow

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3068 Ruby Ridge Dr, Katy, TX, 77493 | $1,839/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Katy at 3068 Ruby Ridge Dr, Katy, TX, 77493 offers a 15.48% rental yield on a $317,900 purchase with $4,100/mo rent. Total monthly income registers $4,100/mo, and a $1,556/mo payment leaves $1,839/mo available for distribution. Annual cash flow reaches $22,072/yr on $105,384 to close, and return on cash invested stands at 40.85% in year one. Equity gained on principal adds $2,051/yr while 5% annual appreciation supports $87,830 over five years. Portfolio math shows five-year ROI at 216.4% and total cumulative return in cash at $228,052. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,100/mo property income against a $1,556/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

This single-story home shares an open layout between the kitchen, nook and family room for easy entertaining, along with access to the covered patio for year-round outdoor lounging. A luxe owner's suite is at the back of the home and comes complete with an en-suite bathroom and walk-in closet, while three secondary bedrooms are near the front of the home, ideal for household members and overnight guests.

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