835 Sarasota Shore Dr · Katy, TX
Flood risk 7/10 · Major
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 8/10 · Major
- Hot days now (above 111°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- Schools +6.1/10.0
- Condition / age +4.0/5.0
- Cash flow +3.8/30.0
- Livability +3.8/5.0
- 1% rule +2.8/10.0
- Rent growth +2.3/5.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$380,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
MOTIVATED SELLER – BRING ALL OFFERS! Seller is relocating and ready to sell quickly. This like-new home, built just 2 years ago, has been gently lived in and beautifully maintained. Features include modern finishes, a bright and functional layout, and all appliances included high-end smart refrigerator with a built-in screen that connects to YouTube. All appliances are just 2 years old and in excellent condition, including the washer and dryer. Some furniture is also available at a great price, newly beautiful tile for a more spacious and elegant backyard enjoy outdoor living with the extended patio experience—perfect for relaxing or entertaining. Located in a desirable and growing community within the 77493 zip code, this home offers comfort, convenience, and excellent value. Don’t miss this opportunity—schedule your showing today!
Key facts
- 2 garage spots
- Community pool
- Built 2023
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/3.0-bath single-family listed at $380k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
- To cash-flow at today's rent, offer at most $288k (24.2% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $297k (21.8% below list).
- Recommended offer: $288k (24.2% below list) — sets the bar for cash-flow.
Location & tenants
- Location reads 76/100 on livability (#111 in TX, #3,613 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: crime C-, amenities D, commute F.
- Katy ISD (suburban): math 61% / reading 63% proficiency, ranked #29 of 826 in TX (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Katy El (math 63% / reading 61%, grade B, #321 of 4,322 statewide, top 8%, 682 students, 26% FRL); Katy J H (math 52% / reading 51%, grade C, #318 of 1,662 statewide, top 20%, 1,094 students, 53% FRL); Katy H S (math 62% / reading 74%, grade B, #150 of 1,632 statewide, top 10%, 3,330 students, 38% FRL).
- Market conditions: Rents soft (-0.8%/yr); 3403 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 28d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 483 units permitted in Waller County in 2024 (89 in 5+ unit buildings).
- This rent runs 30% of the median local income ($118k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
- Waller County population projected at +62% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 419 days — a 12% lower offer ($334k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 3y ago; this cycle's ask is 11775% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Watch-outs: property tax is 3.8% of price; flood insurance adds $66/mo.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 419 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.78% ✗
- Cap rate
- 2.83%
- Cash-on-cash
- -12.35%
- DSCR
- 0.45
- GRM
- 10.7
CMA / ARV
- ARV (median comp)
- $518,153
- List price
- $380,000
- Delta
- -26.66%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 837 Coronado Terrace Ln | 0.17mi | 4/3.5 | 2,581 (+0%) | 1mo | $329,000 | $127 | 89 |
| 952 Malibu Shore Ln | 0.22mi | 4/3.0 | 2,492 (-3%) | 1mo | $335,000 | $134 | 84 |
| 904 Pismo Creek Ln | 0.18mi | 4/3.0 | 2,396 (-7%) | 1mo | $350,000 | $146 | 80 |
| 673 Cape Capri Dr | 0.36mi | 4/3.0 | 2,620 (+2%) | 0mo | $445,000 | $170 | 79 |
| 520 Maui Bend Dr | 0.49mi | 4/3.5 | 2,643 (+3%) | 2mo | $465,000 | $176 | 69 |
| 3035 Avalos Dr | 0.59mi | 3/2.5 (-1) | 2,539 (-1%) | 0mo | $352,990 | $139 | 63 |
| 2432 Solaris Bend Dr | 0.64mi | 4/2.5 | 2,467 (-4%) | 2mo | $365,000 | $148 | 60 |
| 2565 Malibu Glen Dr | 0.41mi | 4/3.0 | 2,206 (-14%) | 2mo | $369,000 | $167 | 56 |
| 4605 Green Arobol Ln | 0.73mi | 4/2.5 | 2,430 (-5%) | 1mo | $339,990 | $140 | 54 |
| 1028 Open Sky Dr | 0.69mi | 3/2.0 (-1) | 2,448 (-5%) | 0mo | $400,000 | $163 | 51 |
| 2405 Seaglass Terrace Dr | 0.60mi | 5/3.0 (+1) | 2,809 (+9%) | 1mo | $489,673 | $174 | 50 |
| 3021 Manet Place Dr | 0.47mi | 5/2.5 (+1) | 2,252 (-12%) | 1mo | $349,990 | $155 | 49 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -45.7%
- Equity multiple
- -0.35×
- Total profit
- $-143,683
- Equity at exit
- $56,659
- IRR
- —
- Equity multiple
- -1.37×
- Total profit
- $-251,657
- Equity at exit
- $32,855
Cash invested: $106,400 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 136 active · 54 under contract
- Months of supply
- 7.2 mo (14%/mo absorbed)
- Median asking
- $397,995 ($163/sqft)
- Median days on market
- 41 d
- This list price
- 42% of active listings are priced below it
- ARV vs active asking
- +23.8% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 77493
- Rents YoY
- -0.8%
- Active inventory
- 3403
- Price-to-rent
- 10.7×
Monthly cashflow live
- Estimated rent
- $2,972 high interval (Pro) →
- Mortgage (P&I)
- −$1,993
- Tax from tax record
- −$1,200 /mo · $14,401/yr
- Insurance
- −$158
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$92
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$624
- Net cashflow
- $-1,162
Break-even live
Sensitivity live
| Price | -10% $-947 | -5% $-1,054 | +0% $-1,162 | +5% $-1,269 | +10% $-1,377 |
|---|---|---|---|---|---|
| Rent | -10% $-1,396 | -5% $-1,279 | +0% $-1,162 | +5% $-1,044 | +10% $-927 |
| Rate | -1.0pp $-970 | -0.5pp $-1,065 | base $-1,162 | +0.5pp $-1,260 | +1.0pp $-1,360 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $95,000
- Closing costs
- $11,400
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 38 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 584 Santa Rosa Hills Dr Katy, TX | 4.0 | 3.0 | 2708 | $3,200 | $1.18 | 2d | 1 | 0.46mi |
| 3004 Fall Gold Ln Katy, TX | 5.0 | 3.0 | 2156 | $3,850 | $1.79 | 93d | 1 | 0.46mi |
| 3004 Fall Gold Ln Katy, TX | 5.0 | 3.0 | 2156 | $2,499 | $1.16 | 41d | 1 | 0.46mi |
| 550 Long Beach Bay Dr Katy, TX | 5.0 | 3.5 | 2788 | $3,200 | $1.15 | 2d | 1 | 0.51mi |
| 2654 Aruba Bend Dr Katy, TX | 3.0–5.0 | 2.0–3.0 | 1958 | $2,818 | $1.44 | 0d | 79 | 0.52mi |
| 1496 Twilight Green Dr Katy, TX | 4.0 | 2.5 | 2135 | $2,500 | $1.17 | 28d | 1 | 0.63mi |
| 1495 Twilight Green Dr Katy, TX | 3.0 | 2.5 | 2000 | $2,400 | $1.20 | 93d | 1 | 0.64mi |
| 4985 Blue Beetle Ridge Dr Katy, TX | 5.0 | 3.0 | 2816 | $3,150 | $1.12 | 13d | 1 | 0.71mi |
| 2901 Apple Rose Ln Katy, TX | 4.0 | 4.0 | 2884 | $3,200 | $1.11 | 42d | 1 | 0.72mi |
| 2901 Apple Rose Ln Katy, TX | 4.0 | 4.0 | 2884 | $3,200 | $1.11 | 39d | 1 | 0.72mi |
| 2901 Apple Rose Ln Katy, TX | 4.0 | 4.0 | 2884 | $3,200 | $1.11 | 23d | 1 | 0.72mi |
| 2845 Shimmer Edge Dr Katy, TX | 3.0 | 3.0 | 2362 | $2,249 | $0.95 | 43d | 1 | 0.73mi |
| 409 Aurora Creek Ln Katy, TX | 4.0 | 3.0 | 1964 | $2,100 | $1.07 | 21d | 1 | 0.75mi |
| 4633 Peony Green Dr Katy, TX | 5.0 | 3.0 | 2680 | $3,995 | $1.49 | 73d | 1 | 0.76mi |
| 3136 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,355 | $1.33 | 62d | 1 | 0.78mi |
| 3124 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,170 | $1.22 | 21d | 1 | 0.80mi |
| 3112 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,170 | $1.22 | 21d | 1 | 0.83mi |
| 4696 Peony Green Dr Katy, TX | 4.0 | 2.0 | 2156 | $2,595 | $1.20 | 19d | 1 | 0.86mi |
| 3041 Colusa Ridge Dr Katy, TX | 4.0 | 2.5 | 2263 | $2,500 | $1.10 | 62d | 1 | 0.87mi |
| 3020 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,195 | $1.24 | 21d | 1 | 0.95mi |
| 3083 Sunset Glory Dr Katy, TX | 4.0 | 3.0 | 2279 | $2,300 | $1.01 | 42d | 1 | 1.01mi |
| 4946 Skybluff Dr Katy, TX | 4.0 | 3.0 | 2410 | $2,650 | $1.10 | 28d | 1 | 1.01mi |
| 28625 Clay Rd Katy, TX | 4.0 | 2.0 | 1872 | $2,000 | $1.07 | 93d | 1 | 1.05mi |
| 4806 Sand Clouds Dr Katy, TX | 4.0 | 2.5 | 2752 | $3,095 | $1.12 | 2d | 1 | 1.11mi |
| 27035 Beacon Glen Dr Katy, TX | 3.0 | 2.0 | 1824 | $2,500 | $1.37 | 2d | 1 | 1.15mi |
| 27035 Beacon Glen Dr Katy, TX | 2.0–4.0 | 2.0–3.0 | 1890 | $3,949 | $2.09 | 13d | 24 | 1.15mi |
| 27064 Beach Ball Dr Katy, TX | 3.0–4.0 | 2.5–3.5 | 1705 | $2,957 | $1.73 | 0d | 25 | 1.19mi |
| 5631 Pearl Vista Dr Katy, TX | 4.0 | 3.0 | 2039 | $3,000 | $1.47 | 39d | 1 | 1.21mi |
| 5631 Pearl Vista Dr Katy, TX | 3.0 | 2.5 | 2116 | $3,050 | $1.44 | 4d | 1 | 1.21mi |
| 5631 Pearl Vista Dr Katy, TX | 4.0 | 3.0 | 2039 | $3,000 | $1.47 | 23d | 1 | 1.21mi |
| 5631 Pearl Vista Dr Katy, TX | 4.0 | 3.0 | 2039 | $3,000 | $1.47 | 70d | 1 | 1.21mi |
| 27327 Blue Pool Dr Unit 27327 Katy, TX | 4.0 | 3.0 | 2100 | $2,600 | $1.24 | 0d | 1 | 1.28mi |
| 5819 Bright Keel Dr Katy, TX | 4.0 | 3.0 | 2598 | $2,400 | $0.92 | 93d | 1 | 1.30mi |
| 3076 Dylan Skyland Dr Katy, TX | 4.0 | 2.5 | 2240 | $3,395 | $1.52 | 47d | 1 | 1.31mi |
| 3020 Nori Shores Dr Katy, TX | 5.0 | 2.5 | 2408 | $3,995 | $1.66 | 73d | 1 | 1.37mi |
| 3104 Nori Shores Dr Katy, TX | 5.0 | 2.5 | 1947 | $3,695 | $1.90 | 53d | 1 | 1.43mi |
| 27507 Hudson Sands Ln Katy, TX | 4.0 | 3.0 | 2294 | $3,000 | $1.31 | 66d | 1 | 1.49mi |
| 27507 Hudson Sands Ln Katy, TX | 4.0 | 3.0 | 2294 | $3,000 | $1.31 | 0d | 1 | 1.49mi |
Listing history 11 events
-
2026-06-01days on market $380,000 Active 419 DOM
-
2026-05-31days on market $380,000 Active 418 DOM
-
2026-02-10price $380,000 872-char remark
Show marketing remark (872 chars)
MOTIVATED SELLER – BRING ALL OFFERS! Seller is relocating and ready to sell quickly. This like-new home, built just 2 years ago, has been gently lived in and beautifully maintained. Features include modern finishes, a bright and functional layout, and all appliances included high-end smart refrigerator with a built-in screen that connects to YouTube. All appliances are just 2 years old and in excellent condition, including the washer and dryer. Some furniture is also available at a great price, newly beautiful tile for a more spacious and elegant backyard enjoy outdoor living with the extended patio experience—perfect for relaxing or entertaining. Located in a desirable and growing community within the 77493 zip code, this home offers comfort, convenience, and excellent value. Don’t miss this opportunity—schedule your showing today!
-
2026-01-10$3,200
-
2025-12-23price $390,000 872-char remark
Show marketing remark (872 chars)
MOTIVATED SELLER – BRING ALL OFFERS! Seller is relocating and ready to sell quickly. This like-new home, built just 2 years ago, has been gently lived in and beautifully maintained. Features include modern finishes, a bright and functional layout, and all appliances included high-end smart refrigerator with a built-in screen that connects to YouTube. All appliances are just 2 years old and in excellent condition, including the washer and dryer. Some furniture is also available at a great price, newly beautiful tile for a more spacious and elegant backyard enjoy outdoor living with the extended patio experience—perfect for relaxing or entertaining. Located in a desirable and growing community within the 77493 zip code, this home offers comfort, convenience, and excellent value. Don’t miss this opportunity—schedule your showing today!
-
2025-05-12price $400,000 872-char remark
Show marketing remark (872 chars)
MOTIVATED SELLER – BRING ALL OFFERS! Seller is relocating and ready to sell quickly. This like-new home, built just 2 years ago, has been gently lived in and beautifully maintained. Features include modern finishes, a bright and functional layout, and all appliances included high-end smart refrigerator with a built-in screen that connects to YouTube. All appliances are just 2 years old and in excellent condition, including the washer and dryer. Some furniture is also available at a great price, newly beautiful tile for a more spacious and elegant backyard enjoy outdoor living with the extended patio experience—perfect for relaxing or entertaining. Located in a desirable and growing community within the 77493 zip code, this home offers comfort, convenience, and excellent value. Don’t miss this opportunity—schedule your showing today!
-
2025-05-02price $439,000 872-char remark
Show marketing remark (872 chars)
MOTIVATED SELLER – BRING ALL OFFERS! Seller is relocating and ready to sell quickly. This like-new home, built just 2 years ago, has been gently lived in and beautifully maintained. Features include modern finishes, a bright and functional layout, and all appliances included high-end smart refrigerator with a built-in screen that connects to YouTube. All appliances are just 2 years old and in excellent condition, including the washer and dryer. Some furniture is also available at a great price, newly beautiful tile for a more spacious and elegant backyard enjoy outdoor living with the extended patio experience—perfect for relaxing or entertaining. Located in a desirable and growing community within the 77493 zip code, this home offers comfort, convenience, and excellent value. Don’t miss this opportunity—schedule your showing today!
-
2025-04-08$449,000 Active 872-char remark
Show marketing remark (872 chars)
MOTIVATED SELLER – BRING ALL OFFERS! Seller is relocating and ready to sell quickly. This like-new home, built just 2 years ago, has been gently lived in and beautifully maintained. Features include modern finishes, a bright and functional layout, and all appliances included high-end smart refrigerator with a built-in screen that connects to YouTube. All appliances are just 2 years old and in excellent condition, including the washer and dryer. Some furniture is also available at a great price, newly beautiful tile for a more spacious and elegant backyard enjoy outdoor living with the extended patio experience—perfect for relaxing or entertaining. Located in a desirable and growing community within the 77493 zip code, this home offers comfort, convenience, and excellent value. Don’t miss this opportunity—schedule your showing today!
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2024-02-26soldstatus Sold 471-char remark
Show marketing remark (471 chars)
Empire Communities - New Construction - 4 Bedroom one story with three full baths. This spacious Most popular floor plan features a gourmet Kitchen with a 10 X 8 Working Kitchen Island with a grand view of the family room overlooking the back yard. Spacious Primary bedroom with 3 large windows overlooking the backyard space. Luxurious Primary bath features soaker tub with 2 sinks and large walk-in closet. Check out this hidden Gem today. Approximate March completion.
-
2024-01-18status Pending 471-char remark
Show marketing remark (471 chars)
Empire Communities - New Construction - 4 Bedroom one story with three full baths. This spacious Most popular floor plan features a gourmet Kitchen with a 10 X 8 Working Kitchen Island with a grand view of the family room overlooking the back yard. Spacious Primary bedroom with 3 large windows overlooking the backyard space. Luxurious Primary bath features soaker tub with 2 sinks and large walk-in closet. Check out this hidden Gem today. Approximate March completion.
-
2023-12-18$451,120 Active 471-char remark
Show marketing remark (471 chars)
Empire Communities - New Construction - 4 Bedroom one story with three full baths. This spacious Most popular floor plan features a gourmet Kitchen with a 10 X 8 Working Kitchen Island with a grand view of the family room overlooking the back yard. Spacious Primary bedroom with 3 large windows overlooking the backyard space. Luxurious Primary bath features soaker tub with 2 sinks and large walk-in closet. Check out this hidden Gem today. Approximate March completion.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast TX · Resets to sale price
- Current annual tax
- $14,401 · $1,200/mo
- Projected year-2 tax
- $14,401 · $1,200/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
- Wildfire 4/10 Moderate
- Heat 8/10 Severe 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
- Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $35,666
- − Mortgage interest
- −$21,286
- − Property taxes
- −$14,401
- − Insurance
- −$2,698
- − Repairs & maintenance
- −$2,853
- − Management
- −$2,853
- − HOA
- −$1,104
- − Depreciation
- −$11,055
- Taxable loss
- −$20,583
- Est. tax savings @ 24.0%
- +$4,940
- After-tax cash flow
- $-8,999/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 12 photos
This like-new home, built just 2 years ago, is in excellent condition with modern finishes and appliances. It's move-in ready with minor maintenance items to address. Potential buyers and renters will appreciate the curb appeal and smart home features.
Value-add opportunities
- Resale Paint exterior trim — Enhances curb appeal and value ↑
- Resale Inspect and clean gutters — Prevent water damage and improve home's appearance ↑
- Rental Replace outdoor lighting — Attracts tenants with well-lit exterior ↑
- Both Install smart home devices — Enhances home's modern appeal and convenience ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Katy ISD
- NCES district ID
- 4825170
- Math proficiency
- 61% ▼ -7.00%
- Reading proficiency
- 63% ▼ -3.00%
- Median HH income
- $90,312
- Composite
- 56.59/100
- National rank
- #1146
- State rank
- #29 of 826 in TX
Livability — Katy
- Score
- 76/100
- State rank
- #111
- US rank
- #3613
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Harris County · 60,772 people
- City population
- 413,575
- Metro
- Houston-The Woodlands-Sugar Land, TX
- Population (ZIP)
- 71,484
- Household income
- $118,464
- Rent vs Own
- Severe rent burden
- 21% of renters
Population outlook (Waller County) Hauer SSP2
- Today (2025)
- 60,772 people
- By 2030
- 67,616 · +11.3%
- By 2040
- 82,283 · +35.4%
- By 2050
- 98,276 · +61.7%
- By 2075
- 142,860 · +135.1%
- By 2100
- 175,596 · +188.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Highly diverse neighborhood (Simpson 0.73)
- Race & ethnicity
- White 36% Hispanic / Latino 33% Two or more races 16% Black 15% Asian 12%
- Hispanic origin (detail)
- Mexican 20%
- Common ancestry
- Lithuanian 2% Slovak 1% Italian 1%
- Foreign-born
- 21% · Canada, Vietnam, Jamaica
- Languages at home
- 64% English-only · Spanish 22% Vietnamese 5% French/Haitian/Cajun 4%
Political lean MEDSL · Waller
- 2024 margin
- Strong R (+25.0) · D 37.0% · R 62.0% · Other 1.0%
- 2008→2024 swing
- -17.9pp toward R · 2008: -7.2pp · 2024: -25.0pp
- All cycles
- 2024: R+25.0 2020: R+26.7 2016: R+28.6 2012: R+17.6 2008: R+7.2
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -140.65%
- Current HPI
- 233.1683
- Rent YoY
- ▼ -0.80%
- Metro
- Houston-The Woodlands-Sugar Land, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
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| Technology | 5 | $198B |
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| Engineering / Construction | 4 | $72B |
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| Energy Services | 3 | $60B |
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| Utilities | 3 | $41B |
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| Healthcare | 2 | $330B |
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Price history
-15.8% since first listed9 events — show timeline
- 2026-02-10 Price Changed $380,000 HARMLS
- 2026-01-10 Listed for Rent $3,200 HARMLS
- 2025-12-23 Price Changed $390,000 HARMLS
- 2025-05-12 Price Changed $400,000 HARMLS
- 2025-05-02 Price Changed $439,000 HARMLS
- 2025-04-08 Listed $449,000 HARMLS
- 2024-02-26 Sold (MLS) — HARMLS
- 2024-01-18 Pending — HARMLS
- 2023-12-18 Listed $451,120 HARMLS
Property tax history
+113.2%/yrLatest (2025): $14,401 · +22.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…