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$245,000

NAL Estimated Property Value

21422 Park Bishop Dr, Katy, TX, 77450

Recently SoldInfo
8/06/26
Beds3 Beds
Baths2 Bath
Baths1,335 Sq Ft
price_per_sqft$183.52 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Lot Size6,900 sqft

Building Information

Year Built1983
Garage Spaces2

Land Information

APN1156030460021
Lot Number21
SubdivisionMemorial Parkway
Land UseResidential
Legal DescriptionLT 21 BLK 46 MEMORIAL PARKWAY SEC 10
Census Tract454902
Assessed Land Value$61,065
Assessed Improvement Value$164,367
Assessment Year2025

About this property

Precious 3-bedroom, 2-bath home located in the Memorial Parkway subdivision south of Highland Knolls. Walking distance to the elementary and junior high schools and located in Katy ISD. This home features a huge fenced backyard, beautiful ltile wood look floors throughout the living areas, and carpet in the bedrooms. The roof was replaced in 2025, and the water lines in the attic were replaced with PEX piping. Enjoy an open den to the kitchen with a seated bar, a large dining room with sliding glass doors leading to the back patio, ceiling fans, and a brick fireplace. Refrigerator is included.

Investor Tools

Property Icon
$245,000
Estimated Property Value
$23,643Estimated Mortgage Balance
$221,357Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$459/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,278
$225,432
2025
$61,065
$164,367
$225,432
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,278
$225,432

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Houston Capital Mortgage
Unknown
$67,000
No
First
Aug 12, 2003
Sep 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,643
$221,357
90%
10%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$425/mo
+$1,765/mo
10.7%

City: Katy