NoAgentList RatingHow are grades calculated?

6view

Owner Contacts

$289,000

NAL Estimated Property Value

1423 Drexel Dr, Katy, TX, 77493

Off Market

3 Beds

2 Bath

1,643 Sq Ft

Single Family Residence

$182.53 / sqft

Built in 1972

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Gas Cooktop, Dishwasher

FlooringBrick, Tile

Exterior

Lot Size10,202 sqft

Building Information

Year Built1972

Stories1

Garage Spaces2

Land Information

APN1051170000009

Lot Number9

SubdivisionKaty Heights

Land UseResidential

Legal DescriptionLT 9 BLK 8 KATY HEIGHTS SEC 4

Census Tract542700

Assessed Land Value$75,000

Assessed Improvement Value$210,268

Assessment Year2025

About this property

Well maintained one-story home in old Katy Heights neighborhood. 3 bedroom, 2 bath home on corner lot with 2 car attached garage. This home has been lovingly cared for by one owner. Beautiful live oak tree in front yard provides shade to the house and yard. Pretty established landscaping. Windows replaced with double pane, vinyl windows in 2012. Whole house replumbed with pex in 2021. Updates made to kitchen and baths. Recent interior paint in neutral tones. Beautiful back patio space with sunset views. Enjoy the relaxing hot tub and covered area to grill or dine al fresco. Within easy walking distance of Mary Peckham Park, Katy City Park, Katy Dog Park, Katy Library, Katy Police Station and Hutsell Elementary. Easy drive to Katy Mills Mall, Typhoon Texas Water Park, shopping & dining. Home has never flooded and is not located in flood zone. Zoned to Katy Jr. High and Katy High School. No MUD tax and no HOA. Low city of Katy tax rate.

Investor Tools

$289,000

Estimated Property Value

$253,186Estimated Mortgage Balance

$35,814Estimated Equity

12% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,799 /month

Positive

Cash Flow Estimate:

$600 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$615/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,930

$285,268

2025

$75,000

$210,268

$285,268

Tax History

Year

Tax Paid

Assessed Value

2024

$5,930

$285,268

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$268,850

First

Mar 30, 2023

Apr 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$253,186

$34,814

12%

88%

$1,612/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$1,612/mo

+$618/mo

9.3%

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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