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$423,000

NAL Estimated Property Value

22511 Cascade Springs Dr, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,376 Sq Ft
price_per_sqft$109.39 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size6,957 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3519-06-003-0030-914
Lot Number3
SubdivisionGrand Lakes Sec 6
Land UseResidential
Legal DescriptionGRAND LAKES SEC 6, BLOCK 3, LOT 3
Census Tract673010
Assessed Land Value$57,200
Assessed Improvement Value$350,487
Assessment Year2025

About this property

Enjoy all the amenities that Grand Lakes has to offer in this beautifully maintained home! Fantastic single story floor plan with formal living & dining, family room with fireplace & large kitchen with breakfast area. Private primary suite with dual vanities, separate shower, jetted tub & walk in closet! Spacious secondary bedrooms. Private backyard with no rear neighbors! Within walking distance of neighborhood pool, park & tennis courts. Easy access to I-10, Grand Parkway & Westpark Tollway. Zoned for award winning Katy ISD schools! NO Harvey Flooding!

Investor Tools

Property Icon
$423,000
Estimated Property Value
$218,282Estimated Mortgage Balance
$204,718Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,538 /month
Positive
Cash Flow Estimate:
$846 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$567/month
$1,250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,693
$407,687
2025
$57,200
$350,487
$407,687
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,693
$407,687

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$245,195
No
First
Sep 25, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,282
$213,718
49%
52%
$1,471/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,721/mo
+$619/mo
9.5%

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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22511 Cascade Springs Dr | Property Details | No Agent List