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$399,500

2218 Enchanted Park Ln, Katy, TX, 77450

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,947 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.56 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile, Vinyl

Exterior

Exterior FeaturesBack Green Space
Lot Size6,904 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN1245260020014
Lot Number14
SubdivisionOak Park Trails
Land UseResidential
Legal DescriptionLT 14 BLK 2 OAK PARK TRAILS SEC 11
Census Tract454902
Assessed Land Value$69,289
Assessed Improvement Value$321,293
Assessment Year2025

About this property

INVESTOR OPPORTUNITY in sought-after Oak Park Trails with tenant in place. Recent upgrades include roof and high-efficiency A/C. Top-rated schools: Exley/McMeans/Taylor. This spacious home features multiple living areas, including a home office/flex room and game room. Kitchen with stainless-steel appliances, gas cooking opens to the Family Room & Breakfast Room. Oversized Master Retreat features bath with sit-down vanity, soaking tub & separate shower, and walk-in closet. Walking distance to pool, park, and tennis/pickleball courts. Ideal for families looking for quality schools, quiet neighborhood at an affordable price. Multi-year home warranty included.

Investor Tools

$36,333Estimated Mortgage Balance
$354,249Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,397 /month
Positive
Cash Flow Estimate:
$799 /month

Interested in this property?

Bradley Upshaw

Haven Realty International

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$743/month
$519/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,965
$390,582
2025
$69,289
$321,293
$390,582
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,965
$390,582

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Countrywide Home Loans Inc
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$108,396
No
First
May 25, 2005
Jun 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$36,333
$354,249
90%
9%
$368/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$887/mo
+$1,943/mo
8.7%

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.

Explore Texas Explore This Area
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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2218 Enchanted Park Ln | Property Details | No Agent List