939 Legend Spring DrKatyTX77494
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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 939 Legend Spring Dr, Katy, TX, 77494 priced at $470,844 converts $3,928/mo rent into $530/mo cash flow after a $2,305/mo obligation. Total monthly income equals $3,928/mo, and annual cash flow totals $6,364/yr on $156,085 invested. Return on cash invested prints 23.99% in year one, and rental yield reads 10.01% against a $470,844 entry. Equity gained on principal adds $3,038/yr, while 5% annual appreciation compiles into $130,086 by year five. Five-year ROI reaches 126.06% and total cumulative return in cash sums $196,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,928/mo property income covering a $2,305/mo payment, not borrower’s personal income.
Single Family
Built in 1995
7,318 sqft lot
$N/A/sqft
$49 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77494, Katy, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
49,087
Single Family
38,473
Multi-Family
10,614
Businesses
2,819
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