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Houston Single Family Rental $220k

1015 Heritage Timbers Dr, Katy

ROI

11.29% IRR

Strategy

Long Term Rental

Located west of Houston in desirable Katy, Texas. Freeman Ranch shows consistent appreciation and very low vacancy rates. Comparable homes are leasing for $2150 per month making this close to a 1% rule deal. 3 beds, 2 baths, 1352 sqft. Built in 2019 for minimal maintenance. HOA $29. Taxes $6476.

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Houston Single Family Rental $220k

Listed 01/15/2025

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1015 Heritage Timbers Dr, Katy

Purchase Price:$220,000

Cash Outlay:$59,400

Cashflow:$18/mo

Cap Rate:5.93%

IRR:11.29%

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