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$425,000

NAL Estimated Property Value

20818 Avery Cove Ln, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,220 Sq Ft
price_per_sqft$132.88 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Lot Size6,752 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3531-10-001-0290-914
Lot Number29
SubdivisionGrand Lakes Phase Three Sec 10
Land UseResidential
Legal DescriptionGRAND LAKES PHASE THREE SEC 10, BLOCK 1, LOT 29
Census Tract673009
Assessed Land Value$52,000
Assessed Improvement Value$354,144
Assessment Year2025

About this property

Spacious single-story 4-bedroom, 2 bath home, nestled in the cozy community of Grand Lakes. Loaded with updates and features including gas fireplace, the custom mantle in kitchen, cherry wood breakfast bar, quartz countertops, tile backsplash, stainless steel appliances, 36” sink, recent dishwasher, gas stove, pot filler, and 42” cabinets. Primary features wardrobe closet with built-in’s, large walk-in shower, double vanity. Property features also include wood and tile floor, 6” baseboards, crown molding, barn door, double pane windows, radiant barrier, high ceilings, fresh paint in and out including garage floor, landscaped with patio cover, and NO back neighbor! Roof replaced in 2015, HVAC replaced 2017.

Investor Tools

Property Icon
$425,000
Estimated Property Value
$231,546Estimated Mortgage Balance
$193,454Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$566/month
$990/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,669
$406,144
2025
$52,000
$354,144
$406,144
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,669
$406,144

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$256,000
No
First
May 10, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,546
$187,454
44%
54%
$1,535/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$2,525/mo
$-335/mo
6.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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