6823 Drewlaine Fields 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 6823 Drewlaine Fields Ln, Katy, TX, 77449 offers a 16% rental yield on a $166,000 purchase with $2,213/mo rent. Total monthly income registers $2,213/mo, and a $812/mo payment leaves $958/mo available for distribution. Annual cash flow reaches $11,496/yr on $55,029 to close, and return on cash invested stands at 40.8% in year one. Equity gained on principal adds $1,071/yr while 5% annual appreciation supports $45,863 over five years. Portfolio math shows five-year ROI at 216.76% and total cumulative return in cash at $119,281. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,213/mo property income against a $812/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
7,130 sqft lot
$N/A/sqft
$900 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: David Garcia • Mainstay Brokerage, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #90860046
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