6237 Settlers Square LnKatyTX77449
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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
Investment property for sale in Katy at 6237 Settlers Square Ln, Katy, TX, 77449 uses $82,875 cash to close to unlock $4,672/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $2,226/mo, and a $1,224/mo payment keeps the spread at $389/mo. Purchase price stands at $250,000, and rental yield measures 10.68% with $2,226/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 134.63% and total cumulative return in cash records $111,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,226/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 2003
3,341 sqft lot
$N/A/sqft
$702 annually 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
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Listed by: Alex Johnson • Atlas Real Estate of Texas, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #79176243
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