6214 Faulkner Ridge DrKatyTX77450
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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 6214 Faulkner Ridge Dr, Katy, TX, 77450 priced at $379,500 converts $2,803/mo rent into after a $1,857/mo obligation. Total monthly income equals $2,803/mo. Return on cash invested prints 19.76% in year one, and rental yield reads 8.86% against a $379,500 entry. Equity gained on principal adds $2,449/yr, while 5% annual appreciation compiles into $104,849 by year five. Five-year ROI reaches 103.65% and total cumulative return in cash sums $130,392. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,803/mo property income covering a $1,857/mo payment, not borrower’s personal income.
Single Family
Built in 1996
6,050 sqft lot
$N/A/sqft
$1,450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77450, Katy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,806 (100%) |
| Owner Occupied HU | 16,796 (62.7%) |
| Renter Occupied HU | 9,008 (33.6%) |
| Vacant Housing Units | 1,002 ( 3.7%) |
| Median Home Value | $368,833 |
| Average Home Value | $417,525 |
Housing Distribution
Address Breakdown
Residential
25,836
Single Family
19,863
Multi-Family
5,973
Businesses
1,609
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Listed by: Michael Brombacher • Brombacher & Co.
Mls Name: HAR
Mls Provider:
Mls ID: #43993828
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