942 Grand Junction DrKatyTX77450
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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 942 Grand Junction Dr, Katy, TX, 77450 priced at $264,750 converts $2,350/mo rent into $434/mo cash flow after a $1,296/mo obligation. Total monthly income equals $2,350/mo, and annual cash flow totals $5,206/yr on $87,765 invested. Return on cash invested prints 25.84% in year one, and rental yield reads 10.65% against a $264,750 entry. Equity gained on principal adds $1,708/yr, while 5% annual appreciation compiles into $73,146 by year five. Five-year ROI reaches 136.01% and total cumulative return in cash sums $119,373. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,350/mo property income covering a $1,296/mo payment, not borrower’s personal income.
Single Family
Built in 1978
6,446 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77450, Katy, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
25,836
Single Family
19,863
Multi-Family
5,973
Businesses
1,609
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Listed by: Shah Mitu Haleem • REALM Real Estate Professionals - Sugar Land
Mls Name: HAR
Mls Provider:
Mls ID: #75218866
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