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$458,222

10422 Rigel Ridge Way, Richmond, TX, 77406

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,295 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.61 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Oven
FlooringCarpet, Tile

Exterior

Lot Size6,665 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN2230-07-004-0290-901
Lot Number29
SubdivisionCandela Sec 7
Land UseResidential
Legal DescriptionCANDELA SEC 7, BLOCK 4, LOT 29
Census Tract673402
Assessed Land Value$97,500
Assessed Improvement Value$360,722
Assessment Year2025

About this property

Located in the desirable Candela subdivision in Katy, stunning 1 story home offers both elegance & functionality. Fully furnished with brand-new beds & furniture, the home features high ceilings with 4 spacious bedrooms & 3 full bathrooms. The property comes with built-in appliances, plus dual water heaters for added convenience. Custom roller shades are installed throughout, and a built-in surround sound system. Numerous upgrades increase the home’s value and appeal, including a $7,500 upgrade to a clean, modern island-only kitchen design without a sink. An additional $28,000 added windows in the living room, extended hallway & bay window area in the primary bedroom, filling the space with natural light. A good size backyard includes a sprinkler system—perfect for family gatherings and outdoor enjoyment with built in speakers. Top-rated schools, move-in ready home offers- a perfect blend of style, comfort, and community.

Investor Tools

Property Icon
$458,222
Estimated Property Value
$250,000Estimated Mortgage Balance
$211,137Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,790 /month
Positive
Cash Flow Estimate:
$930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$827/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,632
$458,222
2025
$97,500
$360,722
$458,222
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,632
$458,222

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phong Van Nguyen
Open End Mortgage / Open End With Future Advance Clause
$250,000
No
First
Sep 25, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,085
$211,137
46%
54%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,740/mo
$2,249/mo
+$491/mo
7.2%

Learn About the Market: Opportunity in Texas

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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: Richmond

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10422 Rigel Ridge Way | Property Details | No Agent List