400 Polly Grove DrKatyTX77493
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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 400 Polly Grove Dr, Katy, TX, 77493 offers a 10.32% rental yield on a $306,900 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,502/mo payment leaves $425/mo available for distribution. Annual cash flow reaches $5,096/yr on $101,737 to close, and return on cash invested stands at 24.92% in year one. Equity gained on principal adds $1,980/yr while 5% annual appreciation supports $84,791 over five years. Portfolio math shows five-year ROI at 131.05% and total cumulative return in cash at $133,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,502/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
8,333 sqft lot
$N/A/sqft
$396 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,487
Single Family
26,616
Multi-Family
1,871
Businesses
700
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Listed by: Jack Lipar • LGI Homes
Mls Name: HAR
Mls Provider:
Mls ID: #10966847
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