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$383,284

NAL Estimated Property Value

21623 Manitou Falls Ln, Katy, TX, 77449

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,564 Sq Ft
price_per_sqft$58.92 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher

Exterior

Lot Size6,050 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN1228150010038
Lot Number38
SubdivisionLakes Of Bridgewater
Land UseResidential
Legal DescriptionLT 38 BLK 1 LAKES OF BRIDGEWATER SEC 10
Census Tract542302
Assessed Land Value$48,884
Assessed Improvement Value$334,400
Assessment Year2025

About this property

This is such a great opportunity! House is located in the highly sought Katy ISD. A really nice subdivision with Area pool, tennis court yard and playground area, what a deal! This house has NEVER FLOODED. The house? This house was used as an assisted living facility and has been partially converted back to a house. Needs work to get back to a house or to make back into an assisted living facility. Very large house with a nice layout. So many possibilities. Priced right to make a home, investment property or assisted living facility. Perfect opportunity to buy a 5 bedroom house with a lot of equity in it.

Investor Tools

Property Icon
$383,284
Estimated Property Value
$246,925Estimated Mortgage Balance
$136,359Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,300 /month
Positive
Cash Flow Estimate:
$767 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,622
$383,284
2025
$48,884
$334,400
$383,284
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,622
$383,284

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Secure Financial Services Inc
Conventional
$248,000
No
First
Feb 27, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,925
$136,359
35%
64%
$1,487/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,780/mo
$1,937/mo
+$843/mo
8.7%

City: Katy

21623 Manitou Falls Ln | Property Details | No Agent List