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Owner Contacts

$615,000

NAL Estimated Property Value

20231 New Kentucky Vlg, Hockley, TX, 77447

Off Market

3 Beds

2 Bath

2,439 Sq Ft

Single Family Residence

$153.71 / sqft

Built in 1992

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer

FlooringBamboo, Tile

Exterior

Private Pool

Lot Size1.11 acres

Building Information

Year Built1992

Garage Spaces4

Land Information

APN1165640020007

Lot Number7

SubdivisionVillage Of New Kentucky

Land UseResidential

Legal DescriptionLT 7 BLK 2 VILLAGE OF NEW KENTUCKY

Census Tract555600

Assessed Land Value$117,675

Assessed Improvement Value$497,325

Assessment Year2025

About this property

WELCOME HOME to this RECENTLY updated & charming 3 bdr, 2.5 bath brick Single-Family, 1-story home w/ newly renovated kitchen (Granite Counter-tops), new wood flooring & tile throughout, new A/C system & an updated over-sized 3 car Garage/Man Cave with workshop & cabinet storage. This beauty boasts high ceilings, great open concept, huge master bdr w/en suite & an office/study/4th bdr. Large back deck & pond make an idyllic place to enjoy the well-maintained 1+ Ac yard with huge trees & fabulous corner lot..fully fenced, by the way. NEVER FLOODED-HAS IRR WELL which is HUGE savings. VNK is a beautiful hidden community of approx. 140 homes on 163 lots nestled in the tall trees of the Hockley area. Large spaced out homes on large lots w/ a few lightly traveled roads uniquely rolling & curving thru this hilly community. Amenities incl a community pool, walking paths, tennis court, & tot lot. 3.5 miles to Texas 99 & 10 miles to grocery/shopping/churches/medical in Fairfield on 290.

Investor Tools

$615,000

Estimated Property Value

$0Estimated Mortgage Balance

$615,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,690 /month

Positive

Cash Flow Estimate:

$1,230 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$540/month

$440/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,400

$615,000

2025

$117,675

$497,325

$615,000

Tax History

Year

Tax Paid

Assessed Value

2024

$3,400

$615,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$615,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,940/mo

$440/mo

+$1,500/mo

3.8%

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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