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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 6226 Milbridge Creek Ln, Katy, TX, 77493 generates $2,813/mo in rent and, after a $1,708/mo payment, leaves $216/mo in cash flow. Total monthly income is $2,813/mo, and annual cash flow is $2,593/yr on $115,694 invested. Return on cash invested sits at 22.15% in year one, and rental yield is 9.67% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 116.53% and total cumulative return in cash sums $134,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,813/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5,405 sqft lot
$N/A/sqft
$1,384 annually 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 |
|---|---|---|
| 2024-12-01 | Listed for sale | $349,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $345,298 | 1.86% |
| 2023-12-27 | $4133.04 | -14.40% | $339,000 | -1.79% |
| 2022-12-27 | $4828.31 | N/A | $345,195 | 29.92% |
Listed by: Bradley Evans • Keller Williams Memorial
Mls Name: HAR
Mls Provider:
Mls ID: #86459920
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