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$302,000

NAL Estimated Property Value

22218 Merrymount Dr, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,052 Sq Ft
price_per_sqft$112.09 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size8,150 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN1034080000021
Lot Number21,22
SubdivisionWest Memorial
Land UseResidential
Legal DescriptionE 55 FT OF LT 21 & W 15 FT OF LT 22 BLK 8 WEST MEMORIAL SEC 1 R/P
Census Tract455200
Assessed Land Value$78,532
Assessed Improvement Value$186,852
Assessment Year2025

About this property

Welcome home to this darling 4 bedroom home with 2 full bathrooms and a 2 car detached garage. This home has undergone major renovations. All flooring was removed and replaced with luxury vinyl plank. The home has received new baseboards, countertops, hardware, plumbing fixtures, and light fixtures. A brand new Carrier AC system with all new ductwork and two returns was installed to help keep the home fresh. The hot water heater was recently replaced. The foundation was checked by Jericho prior to listing and is in good condition needing no work. This home has a beautiful vaulted ceiling in the den that is highlighted by the fresh coat of paint. Bedrooms are nicely sized and there is good closet space. There are covered front and rear porches. Roof was replaced in 2013 and siding was replaced at some point with cement board siding. You won't be disappointed with this one. No flooding from Harvey.

Investor Tools

Property Icon
$302,000
Estimated Property Value
$153,566Estimated Mortgage Balance
$148,434Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,812 /month
Positive
Cash Flow Estimate:
$604 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$556/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,168
$265,384
2025
$78,532
$186,852
$265,384
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,168
$265,384

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$172,500
No
First
Sep 24, 2020
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,566
$144,434
48%
51%
$1,035/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$1,535/mo
+$1,295/mo
11.2%

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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22218 Merrymount Dr | Property Details | No Agent List