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$159,000

1838 Powderhorn Ln, Katy, TX, 77493

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,141 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.61 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Cooktop, Dishwasher
FlooringLaminate

Exterior

Lot Size7,148 sqft

Building Information

Year Built1983
Stories1
Garage Spaces1

Land Information

APN1137650000008
Lot Number8
SubdivisionWilliamsburg Hamlet
Land UseResidential
Legal DescriptionLT 8 BLK 2 WILLIAMSBURG HAMLET SEC 1
Census Tract542600
Assessed Land Value$47,888
Assessed Improvement Value$99,239
Assessment Year2025

About this property

Opportunity awaits in the Williamsburg Hamlet subdivision. This one-story home sits on a 7,150 sq. ft. lot and has been partially updated with modern finishes, including fresh paint, updated lighting, new vinyl plank flooring, and a remodeled kitchen with white shaker cabinets, quartz-style counters, subway tile backsplash, and updated hardware. The garage has been converted to create a third bedroom/flex space. The vaulted ceilings and large windows provide natural light throughout the living area. This home already has strong cosmetic updates in place; it still needs a new AC unit and a new placement of the water heater. The prior investor ran out of funds, leaving a prime opportunity for the next buyer to step in and finish the project. Zoned to Katy ISD schools. This property offers excellent potential as a long-term rental or affordable home for a buyer looking to customize and build equity. The seller is open to exploring creative ways to make a deal work.

Investor Tools

Property Icon
$159,000
Estimated Property Value
$128,000Estimated Mortgage Balance
$0Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$72/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$71
$147,127
2025
$47,888
$99,239
$147,127
No

Tax History

Year
Tax Paid
Assessed Value
2024
$71
$147,127

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kim Che
Unknown
$128,000
No
First
Mar 10, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,262
N/A
0%
161%
$1,536/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,986/mo
$-296/mo
12.8%

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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1838 Powderhorn Ln | Property Details | No Agent List