506 Mornington LnKatyTX77494
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Nearby investment properties with comparable prices
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 506 Mornington Ln, Katy, TX, 77494 at $322,400 posts ROI 24.36% with $396/mo cash flow from $2,758/mo rent. Total monthly income equals $2,758/mo, and annual cash flow records $4,753/yr on $106,876 to close. Return on cash invested measures 24.36% and rental yield reads 10.27% at the current $322,400. Equity gained on principal adds $2,080/yr, and 5% annual appreciation supports $89,073 by year five. Five-year ROI prints 128.22% and total cumulative return in cash totals $137,041.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,758/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2010
5,619 sqft lot
$N/A/sqft
$33 monthly 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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