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$320,000

1130 Red Rock Canyon Dr, Katy, TX, 77450

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,690 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.46 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size7,296 sqft

Building Information

Year Built1979
Stories1
Garage Spaces2

Land Information

APN1120470000009
Lot Number9
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 9 BLK 19 CIMARRON SEC 8 R/P
Census Tract455102
Assessed Land Value$69,396
Assessed Improvement Value$238,401
Assessment Year2025

About this property

Don't miss out on this remarkable property! Newly renovated wide open one-story home w/ 3 bedrooms and 2 bathrooms situated in South Katy! The house boasts beautiful porcelain tile flooring throughout! All renovations were completed this month (March 2023). Less-than-5-yr-old roof, full gutter system, and less-than-2-yr-old HVAC system. Completely remodeled kitchen w/ all new appliances (with warranties), & the interior/exterior have been freshly painted. The bathrooms have also been completely remodeled. Includes an alarm system with 1 year of prepaid 24-hour monitoring has, along w/ new interior & exterior doors, updated hardware/fixtures, new ceiling fans, and new outlets and switches with USB ports. The fully fenced yard is perfect for backyard parties, and the asking price is below the area's comps, so it won't be available for long. Enjoy easy access to all shopping, restaurants, JH school, I-10, HWY 99, and Beltway 8. This property is not in a flood zone and has never flooded.

Investor Tools

Property Icon
$320,000
Estimated Property Value
$240,000Estimated Mortgage Balance
$93,203Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$604/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,652
$307,797
2025
$69,396
$238,401
$307,797
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,652
$307,797

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$240,000
No
First
May 5, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,797
$88,203
28%
71%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$1,474/mo
+$716/mo
8.2%

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: Katy

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1130 Red Rock Canyon Dr | Property Details | No Agent List