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$397,000

NAL Estimated Property Value

22323 Kent Falls Dr, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,494 Sq Ft
price_per_sqft$166.4 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringVinyl

Exterior

Private PoolPrivate Pool
Lot Size7,993 sqft

Building Information

Year Built1989
Stories2
Garage Spaces2

Land Information

APN1153490020005
Lot Number5
SubdivisionCornerstone Place
Land UseResidential
Legal DescriptionLT 5 BLK 2 CORNERSTONE PLACE SEC 1
Census Tract455000
Assessed Land Value$87,923
Assessed Improvement Value$267,271
Assessment Year2025

About this property

MULTIPLE OFFERS. HIGHEST AND BEST SATURDAY JUNE 17 AT 5 PM. What a find, in Cornerstone Place-a neighborhood in high demand! 4 bed, 2.5 bath, 2 story with a pool. LOW TAXES, LOW HOA. Lots of updates including a recent roof with radiant barrier in 2023, back fence in 2021, vinyl floors in 2020, all the toilets in 2020, water heater appx 2019 and the dishwasher is apprx 5 years old. Pool filter appx 2 years old and the pump is appx 4-5 years. The fridge was purchased in 2020 and stays with the house. Beautiful kitchen with stylish backsplash with a pop of color against the white cabinets and granite. Can't beat the location a stone's throw to Grand Parkway, I-10 AND Westpark Toll. La Centerra, Energy Corridor, and lots of shopping and dining nearby! Highly sought after Katy ISD. Walking trails, Cinco Ranch Golf Club, neighborhood swimming, volleyball and playground...seriously, don't miss this! INVESTORS: THIS NEIGHBORHOOD HAS LEASING LIMITS. ASK FOR DETAILS.

Investor Tools

Property Icon
$397,000
Estimated Property Value
$382,844Estimated Mortgage Balance
$14,156Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
$725/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,723
$355,194
2025
$87,923
$267,271
$355,194
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,723
$355,194

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$403,750
No
First
Jul 13, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$382,844
$14,156
3%
96%
$2,421/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$3,146/mo
$-316/mo
8.6%

City: Katy

22323 Kent Falls Dr | Property Details | No Agent List