6311 Loquat Grove Ct

Katy, TX 77493
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3 bd, 3 ba | 2,002 sqft | Built in 2021

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List Price
$349,900

Initial Investment

$95,348

Purchase Price

$349,900

Down Payment

25%

Rent

$2,710

Total Return

$95,130

Annualized Return

13.6%

Cap Rate

3.6%

Gross Yield

9.3%

Cash Flow

-$6,632

Appreciation

6.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Property Type

Townhouse

Lot Size

7,955

HOA

$113/mo

Flood Risk

Not Required

Situated in the highly sought-after Elyson community, known for its family-friendly atmosphere, top-rated schools, & wealth of amenities. The community features over 750 acres of parks, trails, & multiple recreational spaces. This beautiful two-story residence boasts a total of 3 spacious bedrooms & 3 full baths, with 2 beds/2baths down. Step outside to the extended covered patio, where you can relax and enjoy the view of your oversized 7,955 sq ft lot. With over $59,000 in upgraded features, including elegant tile flooring throughout the first floor, this home is designed to impress. Just minutes away, the upcoming Elyson Town Center is set to become a vibrant hub for shopping, dining, and entertainment. Scheduled to open in late spring 2025, this mixed-use development will feature a variety of retail stores, restaurants, and professional services. Don't miss the opportunity to make this exceptional property yours and enjoy all the benefits of living in the thriving Elyson community!

See more in Analysis
Ariana White
EXP Realty, LLC
TX Agent License #714146

Annual Financial Highlights

Expected Rent

$30,894

Expenses

-$6,013

Property Taxes

-$12,490

Loan Payments

-$19,022

Net Cash Flow

-$6,632

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Stacy Brown
Agent License 0432064
Texas Preferred Properties
Certified Agent Brokerage:Ariana White
EXP Realty, LLC
TX Brokerage License 603392
SourceHouston Association of REALTORS®
MLS #15730642
Last Updated: 04/21/2025 17:04
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