6146 Cherry Ripe LnKatyTX77493
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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
Rental property for sale in Katy at 6146 Cherry Ripe Ln, Katy, TX, 77493 generates $1,712/mo in rent, after a $1,224/mo payment. Total monthly income is $1,712/mo. Return on cash invested sits at 18.95% in year one, and rental yield is 8.22% on a $249,990 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,068 over five years. Five-year ROI reaches 98.92% and total cumulative return in cash sums $81,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,712/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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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