7919 Purple Prairie RdKatyTX77493
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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
Rental property for sale in Katy at 7919 Purple Prairie Rd, Katy, TX, 77493 priced at $781,115 converts $4,100/mo rent into after a $3,823/mo obligation. Total monthly income equals $4,100/mo. Return on cash invested prints 12.75% in year one, and rental yield reads 6.3% against a $781,115 entry. Equity gained on principal adds $5,040/yr, while 5% annual appreciation compiles into $215,808 by year five. Five-year ROI reaches 65.81% and total cumulative return in cash sums $169,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,100/mo property income covering a $3,823/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
$1,344 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77493, Katy, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
28,487
Single Family
26,616
Multi-Family
1,871
Businesses
700
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Listed by: Ben Caballero • Highland Homes Realty
Mls Name: HAR
Mls Provider:
Mls ID: #68187223
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