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$416,000

NAL Estimated Property Value

1507 Drexel Dr, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,965 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.46 / sqft
Year BuiltBuilt in 1972

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, Electric Oven, Gas Cooktop, Dishwasher
FlooringVinyl

Exterior

Private PoolPrivate Pool
Lot Size12,541 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN1051160000011
Lot Number11
SubdivisionKaty Heights
Land UseResidential
Legal DescriptionLT 11 BLK 6 KATY HEIGHTS SEC 4
Census Tract542700
Assessed Land Value$77,340
Assessed Improvement Value$321,391
Assessment Year2025

About this property

Beautifully updated home on oversized lot - large shady oak in front yard & even room to park your RV. 3/2/2 home built in 1970s & fully renovated in 2022-23. Some updates include luxury vinyl plank flooring, updated kitchen with leathered granite countertops & SS appliances, and plantation shutters. House repiped in PEX & new breaker panel provides peace of mind as well as providing up-to-date electrical solutions & a 50-amp RV plug. Recessed LED lighting installed throughout home provide modern illumination to interior & also in soffits around exterior of home adding beauty & functionality. Large covered patio space provides lots of room to enjoy the backyard and a shady spot to relax by the above ground pool/adjacent deck. Backyard shed provides additional space to store extras. Enjoy the low city of Katy tax rate and no HOA/MUD. Home zoned to Katy High School - go Tigers! Within walking distance of library, dog park, shopping.

Investor Tools

Property Icon
$416,000
Estimated Property Value
$300,673Estimated Mortgage Balance
$115,327Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$850/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,125
$398,731
2025
$77,340
$321,391
$398,731
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,125
$398,731

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Conventional
$304,220
No
First
Sep 17, 2025
Oct 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$300,673
$112,327
27%
72%
$1,824/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,824/mo
+$406/mo
6.4%

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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1507 Drexel Dr | Property Details | No Agent List