Sherman Plan, Sunterra: Watermill Collection, Katy, TX, 77493 | $5/mo Cash Flow

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Sherman Plan, Sunterra: Watermill Collection, Katy, TX, 77493 | $5/mo Cash Flow | 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

Investment property for sale in Katy at Sherman Plan, Sunterra: Watermill Collection, Katy, TX, 77493 listed at $352,990 pairs $2,515/mo rent with a $1,728/mo payment to leave $5/mo cash flow. Total monthly income runs $2,515/mo, and annual cash flow reaches $54/yr on $117,016 cash to close. Return on cash invested measures 19.96% in year one, and rental yield registers 8.55% at a $352,990 basis. Equity gained on principal adds $2,278/yr, and annual property appreciation at 5% supports $97,525 by year five. Five-year ROI tracks 104.31% and total cumulative return in cash totals $122,057. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,515/mo property income relative to a $1,728/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

This new two-story home features a luxurious owner's suite on the first level, offering a tranquil retreat with a full bathroom and walk-in closet. A nearby open-concept layout encourages seamless transitions and multitasking between the kitchen, living and dining areas. On the second floor, a versatile game room provides a convenient shared living area near three additional bedrooms.

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