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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 7002 Spring Run Ln, Katy, TX, 77494 priced at $845,000 converts $6,174/mo rent into $77/mo cash flow after a $4,136/mo obligation. Total monthly income equals $6,174/mo, and annual cash flow totals $929/yr on $278,005 invested. Return on cash invested prints 20.39% in year one, and rental yield reads 8.77% against a $845,000 entry. Equity gained on principal adds $5,453/yr, while 5% annual appreciation compiles into $233,458 by year five. Five-year ROI reaches 106.77% and total cumulative return in cash sums $296,832. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,174/mo property income covering a $4,136/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.34 Acres lot
$N/A/sqft
$1,050 annually HOA
Neighborhood data shown for ZIP Code: 77494, Katy, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 51,600 (100%) |
| Owner Occupied HU | 34,369 (66.6%) |
| Renter Occupied HU | 14,379 (27.9%) |
| Vacant Housing Units | 2,852 ( 5.5%) |
| Median Home Value | $489,545 |
| Average Home Value | $538,775 |
Residential
49,087
Single Family
38,473
Multi-Family
10,614
Businesses
2,819
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Listed for sale | $845,000 |
| 2024-09-29 | Listing removed | $899,000 |
| 2024-09-09 | Listed for sale | $899,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $789,622 | 10.00% |
| 2023-12-27 | $9963.45 | -8.10% | $717,838 | 10.00% |
| 2022-12-27 | $10841.93 | 5.21% | $652,580 | 10.00% |
Listed by: Jimmy Franklin • eXp Realty LLC
Mls Name: HAR
Mls Provider:
Mls ID: #5930779
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