Cornell Plan, Katy LakesKatyTX77493
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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 Cornell Plan, Katy Lakes, Katy, TX, 77493 priced at $507,990 pairs $5,041/mo rent with $1,429/mo cash flow after a $2,486/mo payment. Total monthly income equals $5,041/mo, and annual cash flow comes to $17,147/yr on $167,129 invested. Return on cash invested is 30.32% in year one, and rental yield stands at 11.91% on a $507,990 basis. Equity gained on principal adds $3,278/yr, and 5% annual appreciation accumulates to $140,348 by year five. Five-year ROI measures 159.85% and total cumulative return in cash reaches $267,152. For financing, Ziffy Mortgage’s DSCR program evaluates $5,041/mo property income against a $2,486/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No 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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