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 3823 W Alessano Ln, Katy, TX, 77493 priced at $340,000 converts $2,861/mo rent into $370/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,861/mo, and annual cash flow totals $4,445/yr on $112,710 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 10.1% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 125.5% and total cumulative return in cash sums $141,450. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,861/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2020
3,598 sqft lot
$N/A/sqft
$875 annually 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 |
|---|---|---|
| 2024-11-21 | Price change | $340,000 |
| 2024-11-04 | Listed for sale | $345,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $326,363 | -9.26% |
| 2023-12-27 | $4462.89 | -12.23% | $359,685 | 16.77% |
| 2022-12-27 | $5084.65 | N/A | $308,037 | 72.41% |
Listed by: Saraim Gonzalez • Luxor Realty Group
Mls Name: HAR
Mls Provider:
Mls ID: #80943374
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.
