732 Ocean Palms Dr
Katy, TX 77493
List Price
$315,000
Initial Investment
$85,838Purchase Price
$315,000
Down Payment
25%
Rent
$2,760
Total Return
$100,816
Annualized Return
16.2%
Cap Rate
4.5%
Gross Yield
10.5%
Cash Flow
-$3,144
Appreciation
6.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
5,232
HOA
$148/mo
Flood Risk
High Risk - Zone AE
Stunning Rental Home in MASTER-PLANNED SUNTERRA COMMUNITY!!! Discover a year-old, nearly new home in the GATE COMMUNITY. This charming 3-bedroom home features an open floor plan, perfect for entertaining and family time. Gorgeous Kitchen, tile flooring, granite countertops, and a spacious island—a dream for any home cook! Relaxing Outdoor Space: Enjoy serene sunsets from your covered patio—the perfect spot to unwind. Prime Location: Easy access to Toll 99 & I-10, and just minutes from Costco, Katy Mills Mall, and Asian Town—convenience at its best! Resort-Style Amenities: The community features an upcoming Crystal Lagoon, lazy river, parks, and sports areas—endless fun for the whole family! This true gem is perfect for anyone seeking comfort, style, and a vibrant community. Don’t miss out—schedule a viewing today! FRIDGE WASHER AND DRYER negotiate.
See more in Analysis
Ariana White
EXP Realty, LLC
TX Agent License #714146
Annual Financial Highlights
Expected Rent
$31,464Expenses
-$6,903Property Taxes
-$10,580Loan Payments
-$17,125Net Cash Flow
-$3,144See 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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TX Brokerage License 603392
SourceHouston Association of REALTORS®
MLS #22295118
Last Updated: 04/23/2025 18:04
MLS #22295118
Last Updated: 04/23/2025 18:04