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$323,708

NAL Estimated Property Value

22015 Red River Dr, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,822 Sq Ft
price_per_sqft$131.72 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Cooktop, Dishwasher

Exterior

Lot Size8,359 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1104520000009
Lot Number9
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 9 BLK 23 CIMARRON SEC 5
Census Tract455103
Assessed Land Value$73,157
Assessed Improvement Value$250,551
Assessment Year2025

About this property

WOW, is what you get when you open the front door. This home has an Open Concept and is perfect for entertaining! This home has been completely remodeled and is on a cul-de-sac street. Tons of natural sunlight with windows galore. Upgraded granite counter tops thru out, upgraded back splash, SS appliances, gorgeous fire place , spacious bedrooms, Laminate flooring thru out high traffic areas, all bedrooms carpeted, great size back yard. Gated court yard entry at the front of the home, recessed lighting, re-done master bathroom and guest bathroom. As per seller, High School has been rezoned to Cinco High School.

Investor Tools

Property Icon
$323,708
Estimated Property Value
$222,882Estimated Mortgage Balance
$100,826Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,942 /month
Positive
Cash Flow Estimate:
$647 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,527
$323,708
2025
$73,157
$250,551
$323,708
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,527
$323,708

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Fha
$245,471
Yes
First
Jul 12, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,882
$100,826
31%
69%
$1,472/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$1,922/mo
+$908/mo
10.5%

Learn About the Market: Opportunity in Texas

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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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22015 Red River Dr | Property Details | No Agent List