Katy 2022 Build Single Family Rental $265k Rent $2350
26806 Wilderye Cove Ln, Katy
ROI
13.97% IRR
Strategy
Long Term Rental
Located in Katy. Schools rated in the 6s. Asking is $270k I think you can land it at $265k. Recent sales in the neighborhood support a $285k FMV. The property was previously leased for $2300 per month and the tenant recently moved out. Lease comps support $2300-$2400 per month. This is a great option for a mix of cashflow and appreciation in a growing market. HOA $63. Taxes $8561.
