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$499,000

22703 Blue Canyon Dr, Katy, TX, 77450

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths2,363 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.17 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesSprinkler System
Lot Size7,618 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2269-10-001-0010-914
Lot Number1
SubdivisionCinco Ranch North Lake Village Sec 10
Land UseResidential
Legal DescriptionCINCO RANCH NORTH LAKE VILLAGE SEC 10, BLOCK 1, LOT 1
Census Tract673004
Assessed Land Value$54,600
Assessed Improvement Value$390,199
Assessment Year2025

About this property

Charming one-story traditional home in highly sought-after North Lake Village of Cinco Ranch, in The Landing neighborhood. Offering approx. 2,363 SF, this inviting home features 10-ft ceilings, crown molding and updated flooring (spring 2024). A private study with French doors and built-ins complements the formal dining room. The island kitchen offers generous workspace, built-in desk,included refrigerator, breakfast area, and recessed and pendant lighting updated in 2023, opening to a spacious living room with a distinctive curved wall of windows and built-in shelving. The primary suite features an updated bath with granite, tile flooring and glass-enclosed shower. Utility room with included washer/dryer. Recent improvements include roof (fall 2024), A/C unit (summer 2025), new fence (summer 2026), plus outdoor patio lighting and fan (2023). Attached 2-car garage and desirable location near the golf course, Beach Club and Cinco Ranch amenities.

Investor Tools

$178,730Estimated Mortgage Balance
$271,270Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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James Monk

J. Frank Monk Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$760/month
$1,550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,871
$444,799
2025
$54,600
$390,199
$444,799
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,871
$444,799

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$202,000
No
First
Sep 28, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,730
$271,270
60%
40%
$1,212/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,660/mo
$2,762/mo
$-1,102/mo
4.4%

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.

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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22703 Blue Canyon Dr | Property Details | No Agent List