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$299,000

1022 Western Meadows Dr, Katy, TX, 77450

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,932 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.76 / sqft
Year BuiltBuilt in 1983

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

Exterior

Lot Size10,049 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN1120490000016
Lot Number16
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 16 BLK 30 CIMARRON SEC 8 R/P
Census Tract455102
Assessed Land Value$72,151
Assessed Improvement Value$217,532
Assessment Year2025

About this property

This house is a beautifully remodeled gem situated in a highly sought-after Katy community. Every detail has been carefully updated, showcasing modern finishes and high-quality materials throughout. The interior boasts open, flowing spaces, with a stylish kitchen featuring elegant countertops, and luxurious bathrooms with contemporary fixtures. Large windows let in plenty of natural light, enhancing the home's inviting atmosphere.Large windows flood the home with natural light, creating a warm and inviting atmosphere. Situated conveniently near Katy I-10 and W Grand PKWY (99), offering easy access to other parts of the city. The neighborhood is well-regarded for its friendly vibe and strong sense of community. The neighborhood itself is well-regarded, known for its friendly atmosphere and strong community spirit. With its blend of modern amenities and a prime location,. Occupied til 9/1

Investor Tools

$200,102Estimated Mortgage Balance
$100,822Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Sean Namli

Dr. Sean Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$564/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,269
$289,683
2025
$72,151
$217,532
$289,683
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,269
$289,683

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Heritage Lending Inc
Conventional
$204,000
No
First
Apr 30, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,102
$89,581
30%
67%
$1,224/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$1,224/mo
+$1,606/mo
11.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

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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1022 Western Meadows Dr | Property Details | No Agent List