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$308,947

NAL Estimated Property Value

22702 Palermo Rim Ln, Katy, TX, 77449

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,587 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.12 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven, Refrigerator
FlooringCarpet, Tile

Exterior

Lot Size6,251 sqft

Building Information

Year Built2020
Garage Spaces1

Land Information

APN1411680030012
Lot Number12
Land UseResidential
Legal DescriptionLT 12 BLK 3 VENTANA LAKES EAST SEC 4
Census Tract542902
Assessed Land Value$65,313
Assessed Improvement Value$243,634
Assessment Year2025

About this property

RARE FIND..! Fantastic Ventana Lakes beauty includes a net zero solar panel system. Approximately 50k system allows this home to provide all of its own electrical needs, no electric bill except for a small monthly connection fee. Free to buyer, Solar panel system will be paid off at closing. Whole house water filtration and softener. Vivint home security system owned. Wide entry foyer leads to an open concept floorplan that includes family, dining, and kitchen. Light and bright kitchen has shaker style cabinetry, granite counter-tops, and all appliances are included. High ceilings and tile floors thru-out living areas, carpet in the bedrooms. Large primary bedroom with garden tub and sep/shwr. An absolute must see for this price and location.

Investor Tools

Property Icon
$308,947
Estimated Property Value
$279,461Estimated Mortgage Balance
$29,486Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,854 /month
Positive
Cash Flow Estimate:
$618 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
$830/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,508
$308,947
2025
$65,313
$243,634
$308,947
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,508
$308,947

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$284,905
No
First
Apr 14, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,461
$29,486
9%
90%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$2,539/mo
$-389/mo
8.4%

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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22702 Palermo Rim Ln | Property Details | No Agent List