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$370,000

$378,900

1023 Long Prairie Dr, Katy, TX, 77450

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,388 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.94 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size6,900 sqft

Building Information

Year Built1991
Stories2
Garage Spaces2

Land Information

APN1130280330029
Lot Number29
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 29 BLK 33 CIMARRON SEC 9 R/P
Census Tract455102
Assessed Land Value$69,000
Assessed Improvement Value$266,014
Assessment Year2025

About this property

Location, layout, and a LARGE POOL...this Katy gem has it all!! UPDATES include TILE flooring throughout the downstairs, recent dishwasher, EVERY BATHROOM has been renovated, FULL HVAC system replacement in 2019, water heater in 2021, and the ROOF was replaced in 2023. Updated kitchen with a 5 burner gas range, stainless refrigerator & GRANITE COUNTERTOPS. Two downstairs living areas including a LARGE FAMILY ROOM with a wall of windows & a gas log fireplace. Engineered WOOD flooring upstairs...THERE IS NO CARPET IN THIS HOUSE. Supersized primary suite with large bedroom, WALK-IN CLOSET & a POSH bathroom complete with a stand alone tub. Good-sized secondary bedrooms...each with a WALK-IN CLOSET! Super cute half-bath. Additional storage under the stairs and in the garage. Sprinkler system. Zoned to KATY ISD schools including Cinco Ranch High School and Cimmaron Elementary...just a walk away. Super easy access to Grand Parkway, I-10 & The Energy Corridor. No disappointments.

Investor Tools

$242,762Estimated Mortgage Balance
$118,699Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

Interested in this property?

Jay Thieme

RE/MAX Cinco Ranch

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
$588/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,963
$335,014
2025
$69,000
$266,014
$335,014
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,963
$335,014

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New Day Financial Llc
Va
$196,160
Yes
First
Oct 8, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$242,762
$123,238
33%
67%
$1,597/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$2,185/mo
+$645/mo
9.4%

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.

Explore Texas Explore This Area
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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1023 Long Prairie Dr | Property Details | No Agent List