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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 702 Herrick Ct, Katy, TX, 77450 priced at $400,000 pairs $3,440/mo rent with $570/mo cash flow after a $1,958/mo payment. Total monthly income equals $3,440/mo, and annual cash flow comes to $6,844/yr on $132,600 invested. Return on cash invested is 25.07% in year one, and rental yield stands at 10.32% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. Five-year ROI measures 131.82% and total cumulative return in cash reaches $174,796. For financing, Ziffy Mortgage’s DSCR program evaluates $3,440/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
9,239 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood data shown for ZIP Code: 77450, Katy, TX area.
| 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 |
Residential
25,836
Single Family
19,863
Multi-Family
5,973
Businesses
1,609
Date | Event | Price |
|---|---|---|
| 2024-12-17 | Price change | $400,000 |
| 2024-11-22 | Price change | $415,000 |
| 2024-11-13 | Pending sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $384,366 | 0.90% |
| 2023-12-27 | $5737.19 | 0.28% | $380,940 | 14.91% |
| 2022-12-27 | $5721.41 | N/A | $331,502 | 19.43% |
Listed by: Michelle Brecker • Pathway to Home Realty
Mls Name: HAR
Mls Provider:
Mls ID: #95815919
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
