Listed by PY Realty Co
$299,000
5906 Bright Keel Dr
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,910
Beds 3
Cap Rate 9.83%
NOI $17,893
Occupancy 100%
Tenancy Single
Price per SqFt $157
Year Built 2024
Buildings 1
Lot Size (SqFt) 6,240
Investment Type Stabilized
Sale Condition N/A
single family- tenant occupied with $2450/month rent
Marketing description
A turnkey 2024-built single-family home in Sunterra — one of Katy's fastest-growing and most sought-after master-planned communities. Open-concept layout with a spacious kitchen, bright living and dining areas, and a private primary suite. Fully leased with a long-term tenant already in place. Day-one cash flow with zero lease-up risk. Zoned to top-rated Katy ISD schools and minutes from major retail corridors and I-10.
Investment highlights
- Immediate income. Tenant is already in place at $2,450/month — no vacancy period, no lease-up costs.
- New construction quality. Built in 2024, meaning minimal maintenance and capex burden for years ahead.
- Long-term tenant stability. Tenant has demonstrated intent to stay long-term, protecting your cash flow.
- Resort community appeal. Sunterra's Crystal Lagoon and resort amenities attract high-quality tenants and support strong rent retention — the #1 selling MPC in Texas for three years running.
- Strong submarket fundamentals. Katy continues to draw population growth from Houston's expanding west corridor, supporting rent appreciation.
- AVM upside. Third-party valuations range $298K–$321K, suggesting the listing price is in line with or below market value.
Listing Contacts
Listed by PY Realty Co
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$17,893.00
$1,491.08/mo
Valuation Metrics
0
DSCR
5.98%
Cap Rate
5.98%
ROI
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