








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Katy at 5602 Iris Ln, Katy, TX, 77493 with 5% annual appreciation on a $395,000 basis while $2,388/mo rent supports operations. 05% in year one. Equity gained on principal adds $2,549/yr, and five-year appreciation sums $109,131 alongside rental yield of 7.25%. Five-year ROI measures 83.4% and total cumulative return in cash totals $109,206. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,388/mo property income versus a $1,933/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.29 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-02-02 | Listed for sale | $395,000 |
| 2017-11-16 | Listing removed | $235,000 |
| 2017-10-12 | Pending sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $1466.59 | N/A | $368,171 | -7.32% |
| 2023-02-13 | N/A | N/A | $397,251 | 43.91% |
| 2022-02-13 | $3073.50 | N/A | $276,041 | -4.95% |



Listed by: Cheryl Wilson • Momentum Realty
Mls Name: HAR
Mls Provider:
Mls ID: #65635707
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