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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 732 Ocean Palms Dr, Katy, TX, 77493 offers $2,677/mo rent that, after a $1,542/mo payment, leaves $289/mo cash flow. Total monthly income is $2,677/mo, and annual cash flow is $3,471/yr on $104,423 cash. Return on cash invested measures 23.23% in year one, and rental yield stands at 10.2% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 122.53% and total cumulative return in cash reaches $127,949. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,677/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
5,231 sqft lot
$N/A/sqft
$1,770 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 |
|---|---|---|
| 2025-04-17 | Listed for sale | $315,000 |
| 2025-03-22 | Price change | $2,200 |
| 2025-03-04 | Listed for rent | $2,250 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-17 | $2005.23 | 573.03% | $308,230 | 592.79% |
| 2023-04-17 | $297.94 | 8.49% | $44,491 | 15.23% |
| 2022-04-17 | $274.63 | N/A | $38,610 | N/A |
Listed by: Linh Nguyen • 5th Stream Realty
Mls Name: HAR
Mls Provider:
Mls ID: #22295118
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