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B+
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$601,559

22306 Fairbay Dr, Katy, TX, 77450

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,914 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.19 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

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
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size11,504 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2271-04-002-0570-914
Lot Number57
SubdivisionCinco Ranch South Lake Village Sec 4
Land UseResidential
Legal DescriptionCINCO RANCH SOUTH LAKE VILLAGE SEC 4, BLOCK 2, LOT 57
Census Tract673005
Assessed Land Value$126,126
Assessed Improvement Value$526,019
Assessment Year2025

About this property

Highly sought-after updated one-story home in Cinco Ranch South Lake community! This beautifully updated (May 2025) property backs up to one of the serene community lakes with a walking trail leading you to the beach club or just enjoy the peaceful view with no back neighbors. Your private oasis with a sparkling swimming pool and hot tub, perfect for entertaining or unwinding. The screened-in porch providing a cozy spot to enjoy the mature landscaping all year-round. Inside, the home features 3 large bedroom and 2.5 baths. The modern updated kitchen with all new appliances will make the chef of the home happy. Enjoy the luxurious updated primary bathroom with walk in shower and jetted tub. Sellers also installed fresh carpet in the bedrooms and neutral paint throughout, a true turn key ready home waiting for you! Don’t miss this gem in a prime location call me for a tour!

Investor Tools

Property Icon
$601,559
Estimated Property Value
$217,600Estimated Mortgage Balance
$520,131Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,609 /month
Positive
Cash Flow Estimate:
$1,203 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,071/month
$1,450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,843
$601,559
2025
$126,126
$526,019
$652,145
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,843
$601,559

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Washington Mutual Bank Fa
Unknown
$217,600
No
First
Dec 1, 2003
Jan 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,428
$520,131
86%
14%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$1,450/mo
+$1,380/mo
5.6%

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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22306 Fairbay Dr | Property Details | No Agent List