Oleander Plan, Katy Lakes, Katy, TX, 77493 | 8.48% Rental Yield

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Oleander Plan, Katy Lakes, Katy, TX, 77493 | 8.48% Rental Yield | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Katy at Oleander Plan, Katy Lakes, Katy, TX, 77493 generates $2,579/mo in rent, after a $1,786/mo payment. Total monthly income is $2,579/mo. Return on cash invested sits at 19.75% in year one, and rental yield is 8.48% on a $364,990 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,840 over five years. Five-year ROI reaches 103.18% and total cumulative return in cash sums $124,840. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,579/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Oleander, a stunning single-story home offering approximately 2,410 square feet of open, thoughtfully designed living space. With 3-4 bedrooms, 3 baths, and a 2-3 car garage, this plan perfectly blends modern convenience with timeless style. The heart of the home centers around a spacious kitchen with a large island and walk-in pantry, overlooking the casual dining area and great room - an ideal layout for entertaining or relaxed family living. The primary suite provides a luxurious retreat featuring a spa-inspired bath with dual vanities, a soaking tub, and an expansive walk-in closet. Personalization is effortless with a range of flexible options - choose an enlarged bedroom, private study, or the unique Next-Generation Suite, complete with its own living space, kitchenette, and bath - perfect for multigenerational living or long-term guests. Enhance your lifestyle further with choices like a wet bar, buffet area, or outdoor covered patio. With its combination of open spaces, private retreats, and adaptable design options, The Oleander delivers the comfort, versatility, and sophistication today's homeowners are looking for.

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