3603 Morgans Cove CtKatyTX77494
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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
Investment property for sale in Katy at 3603 Morgans Cove Ct, Katy, TX, 77494 with 5% annual appreciation on a $430,000 basis while $3,655/mo rent supports operations. Total monthly income totals $3,655/mo and a $2,105/mo payment preserves $597/mo for cash returns. Annual cash flow comes to $7,162/yr on $142,545 deployed, and return on cash invested reaches 24.93% in year one. Equity gained on principal adds $2,775/yr, and five-year appreciation sums $118,801 alongside rental yield of 10.2%. Five-year ROI measures 130.98% and total cumulative return in cash totals $186,711.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,655/mo property income versus a $2,105/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2009
8,263 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77494, Katy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 51,600 (100%) |
| Owner Occupied HU | 34,369 (66.6%) |
| Renter Occupied HU | 14,379 (27.9%) |
| Vacant Housing Units | 2,852 ( 5.5%) |
| Median Home Value | $489,545 |
| Average Home Value | $538,775 |
Housing Distribution
Address Breakdown
Residential
49,087
Single Family
38,473
Multi-Family
10,614
Businesses
2,819
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