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$329,000

NAL Estimated Property Value

1018 Powder River Dr, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,132 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.32 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Free-Standing Range, Dishwasher, Oven

Exterior

Lot Size8,882 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN1084690000006
Lot Number6
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 6 BLK 21 CIMARRON SEC 2
Census Tract455104
Assessed Land Value$73,680
Assessed Improvement Value$208,252
Assessment Year2025

About this property

If you are looking for a spacious, renovated home....this is it!! Just painted inside and out!, New laminates throughout! Pipes replaced! New interior two panel doors! Open floorplan with huge family room! Formal dining.Inside utility with washer & dryer provided! Trane AC/Heat, and ductwork replaced in 2014 with a 10 year transferable warranty! 30 yr.comp. roof replaced in 2017! New dishwasher in this recently renovated kitchen with solid wood cabinets & granite countertop. Woodburning fireplace with a full wall of hearth...tell Santa!! Very spacious master bath with double sinks, new tub, tile, and deluxe faucets! Two, yes two walk in closets in the primary bedroom. Large closets in all bedrooms!Second bath also has new tub and high end tile work. Fenced back yard! Located on a beautiful street with a large canopy of trees! 1 block from Cimarron Park with tennis courts, pool and playground! Zoned to award winning Katy ISD! Near the Grand Parkway, I-10, and the Energy Corridor!

Investor Tools

Property Icon
$329,000
Estimated Property Value
$226,781Estimated Mortgage Balance
$102,219Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,974 /month
Positive
Cash Flow Estimate:
$658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$444/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,688
$281,932
2025
$73,680
$208,252
$281,932
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,688
$281,932

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Fha
$249,287
Yes
First
Aug 6, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,781
$89,219
28%
69%
$1,495/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$1,915/mo
+$915/mo
10.3%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Katy

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1018 Powder River Dr | Property Details | No Agent List