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$542,000

1823 Morning Park Drive, Katy, TX, 77494

Off Market

4 Beds

4 Bath

3,335 Sq Ft

Single Family Residence

$104.2 / sqft

Built in 1994

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Refrigerator, Microwave, Electric Cooktop, Convection Oven, Electric Oven, Oven

FlooringCarpet, Tile

Exterior

Lot Size8,875 sqft

Building Information

Year Built1994

Stories2

Roof Type105

Garage Spaces2

Land Information

APN2273-06-001-0030-914

Lot Number3

SubdivisionCinco Ranch Greenway Village Sec 6

Land UseResidential

Legal DescriptionCINCO RANCH GREENWAY VILLAGE SEC 6, BLOCK 1, LOT 3

Census Tract673005

Assessed Land Value$88,400

Assessed Improvement Value$418,706

Assessment Year2025

About this property

Location, location, location! 1823 Morning Park is nestled in the heart of beloved Greenway Village in Cinco Ranch and is within walking distance of the elementary school, pool, park and miles of walking paths and greenbelt spaces. It has amazing access to Grand Parkway and is surrounded by Katy's most popular restaurants, gyms & shopping areas. 4 beds, 3.5 baths, 3 car garage, extra parking space-this home is immaculate & move-in ready! Many recent updates include counter tops, water heater, paint, appliances, plumbing fixtures & tile. Double pane windows. The gorgeous chandeliers & sconces remain. Wired for 7.1 Surround Sound & speakers remain. Popular floorplan with huge kitchen, breakfast & pantry. Great storage. Upstairs bedroom has private bath. Big game room 2nd floor. Double pane windows. Immaculately maintained. Katy ISD schools Access to all Cinco amenities - Beach club, water park, tennis courts, playgrounds. The lower Greenway Village Fort Bend County tax rate!!

Investor Tools

$542,000

Estimated Property Value

$0Estimated Mortgage Balance

$542,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,252 /month

Positive

Cash Flow Estimate:

$1,084 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$928/month

$1,075/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,429

$507,106

2025

$88,400

$418,706

$507,106

Tax History

Year

Tax Paid

Assessed Value

2025

$8,429

$507,106

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$542,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$1,075/mo

+$2,265/mo

7.4%

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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