Street View

B+

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Owner Contacts

$350,186

20915 Avery Cove Ln, Katy, TX, 77450

Off Market

3 Beds

2 Bath

1,842 Sq Ft

Single Family Residence

$130.29 / sqft

Built in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Gas Range, Gas Oven

FlooringCarpet, Tile, Wood

Exterior

Lot Size6,311 sqft

Building Information

Year Built2006

Stories1

Roof Type105

Garage Spaces2

Land Information

APN3531-10-001-0490-914

Lot Number49

SubdivisionGrand Lakes Phase Three Sec 10

Land UseResidential

Legal DescriptionGRAND LAKES PHASE THREE SEC 10, BLOCK 1, LOT 49

Census Tract673009

Assessed Land Value$55,900

Assessed Improvement Value$309,269

Assessment Year2025

About this property

Lovely home on quiet culdesac lot in highly desired Grand Lakes. A+ curb appeal w/recent exterior paint (2019) and new water heater. Beautiful wood floors (2018) in formal dining & living room. Large living room w/surround sound. Kitchen w/granite, tile floors, custom tile backsplash, gas range (2018) & reverse osmosis system. Large breakfast area. Master with tall ceilings, walk-in closet, and ceiling fan. Master bath w/barn door, jetted tub, separate shower, dual sinks, & sit-down vanity. All bedrooms are spacious w/ walk-in closets, plush carpet (2018) & ceiling fans. Plantation Shutters on front windows. Large backyard w/patio area. Residents have access to nature trails, splashpad, dog park, community garden, 27 lakes, lighted tennis courts, 4 pools, putting green & more. Grand Lakes is close to many dining, shopping and fitness centers. Residents are zoned to top-rated Katy ISD schools! Close to YMCA & library. Zoned to Seven Lakes HS ranked #4 in Houston area by Niche.

Investor Tools

$350,186

Estimated Property Value

$215,201Estimated Mortgage Balance

$160,169Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,101 /month

Positive

Cash Flow Estimate:

$700 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$463/month

$1,110/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,810

$350,186

2025

$55,900

$309,269

$365,169

Tax History

Year

Tax Paid

Assessed Value

2025

$3,810

$350,186

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Gardner Financial Services Ltd

Fha

$215,201

Yes

First

May 28, 2020

Jun 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$190,017

$160,169

45%

54%

$1,291/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,190/mo

$2,401/mo

$-211/mo

7.5%

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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