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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 5342 Devon Green Dr, Katy, TX, 77449 offers $2,596/mo rent that, after a $1,463/mo payment, leaves $437/mo cash flow. Total monthly income is $2,596/mo, and annual cash flow is $5,243/yr on $99,119 cash. Return on cash invested measures 25.2% in year one, and rental yield stands at 10.42% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 132.55% and total cumulative return in cash reaches $131,386. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,596/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
9,626 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 77449, Katy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 46,204 (100%) |
| Owner Occupied HU | 29,727 (64.3%) |
| Renter Occupied HU | 14,352 (31.1%) |
| Vacant Housing Units | 2,125 ( 4.6%) |
| Median Home Value | $266,123 |
| Average Home Value | $298,870 |
Residential
45,273
Single Family
39,223
Multi-Family
6,050
Businesses
1,711
Date | Event | Price |
|---|---|---|
| 2024-12-17 | Listed for sale | $299,000 |
| 2024-10-24 | Listing removed | $315,000 |
| 2024-10-10 | Pending sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $291,201 | -10.17% |
| 2023-12-27 | N/A | N/A | $324,173 | 8.59% |
| 2022-12-27 | $111.55 | N/A | $298,537 | 35.41% |
Listed by: Jesica Anderson • Jesica Anderson Group
Mls Name: HAR
Mls Provider:
Mls ID: #78203612
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.
