6031 Purple Iris StKatyTX77449
Nearby investment properties with comparable rents
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 6031 Purple Iris St, Katy, TX, 77449 uses $89,870 cash to close to unlock $4,873/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $2,334/mo, and a $1,327/mo payment keeps the spread at $406/mo. Purchase price stands at $271,100, and rental yield measures 10.33% with $2,334/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $74,900 over five years. Five-year ROI reaches 133.18% and total cumulative return in cash records $119,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,334/mo property income covering a $1,327/mo payment rather than investor’s personal income.
Single Family
Built in 2019
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77449, Katy, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
45,273
Single Family
39,223
Multi-Family
6,050
Businesses
1,711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices