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$483,845

NAL Estimated Property Value

2231 Garden Terrace Drive, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,546 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.29 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

High Equity

Highlights

Interior

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

Exterior

Lot Size15,550 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2273-01-001-0200-914
Lot Number20
SubdivisionCinco Ranch Greenway Village Sec 1
Land UseResidential
Legal DescriptionCINCO RANCH GREENWAY VILLAGE SEC 1, BLOCK 1, LOT 20
Census Tract673005
Assessed Land Value$120,263
Assessed Improvement Value$363,582
Assessment Year2025

About this property

Amazing opportunity to make this home your own in Cinco Ranch's Greenway Village! This spacious 4-bedroom, one-story home is ready for your updates. Perfectly situated on an oversized lot, with plenty of room for a pool, with a 3-car garage and wide driveway just across the street from The Golf Club at Cinco Ranch. Recent updates like a new roof (2019), fence (2022), and AC (2013). Zoned to highly ranked Cinco Ranch High School. Easy freeway access to Grand Parkway, I-10, and Westpark Toll Rd. Minutes from shopping and dining at La Centerra!

Investor Tools

Property Icon
$483,845
Estimated Property Value
$216,134Estimated Mortgage Balance
$267,711Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,903 /month
Positive
Cash Flow Estimate:
$968 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,038/month
$1,115/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,035
$483,845
2025
$120,263
$363,582
$483,845
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,035
$483,845

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Conventional
$225,000
No
First
Jan 13, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,134
$267,711
55%
45%
$1,440/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,555/mo
+$785/mo
8.3%

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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2231 Garden Terrace Drive | Property Details | No Agent List