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$232,000

NAL Estimated Property Value

1506 Windys Way, Katy, TX, 77449

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,611 Sq Ft
price_per_sqft$145.87 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Oven, Microwave, Gas Range
FlooringLaminate, Tile

Exterior

Lot Size10,951 sqft

Building Information

Year Built1982
Stories2
Garage Spaces2

Land Information

APN1149300040034
Lot Number34
SubdivisionParkway West
Land UseResidential
Legal DescriptionLT 34 BLK 4 PARKWAY WEST SEC 1
Census Tract542402
Assessed Land Value$48,151
Assessed Improvement Value$179,334
Assessment Year2025

About this property

Opportunity Knocks in Katy! Welcome to 1506 Windys Way, a cozy 3-bedroom, 2.5-bathroom home with endless potential. Spanning 1,611 sqft over two stories and sitting on a generous 10,951 sqft lot, this property is perfect for anyone looking to create their dream home. Tucked away in a peaceful cul-de-sac, this home features tile and laminate flooring throughout—no carpet! A 2-car garage adds convenience, and the spacious backyard offers room to relax, garden, or entertain. While it does need some TLC, this property is brimming with possibilities, whether you're a first-time buyer or an investor. Location is everything! Enjoy quick access to I-10, Highway 99, and the vibrant Katy Asian Town with its endless dining and shopping options. Bring your vision and make this house your home! Call today to schedule a tour and see the potential for yourself.

Investor Tools

Property Icon
$232,000
Estimated Property Value
$147,855Estimated Mortgage Balance
$84,145Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
$296/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,211
$227,485
2025
$48,151
$179,334
$227,485
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,211
$227,485

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$151,200
No
First
Feb 21, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,855
$84,145
36%
64%
$907/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,203/mo
+$947/mo
11.1%

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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1506 Windys Way | Property Details | No Agent List