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$400,000

23027 Red River Dr, Katy, TX, 77450

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths3,005 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.11 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesSide Yard, Sprinkler System
Lot Size9,483 sqft

Building Information

Year Built1989
Garage Spaces2

Land Information

APN1156210250027
Lot Number27
SubdivisionGovernors Place
Land UseResidential
Legal DescriptionLT 27 BLK 25 GOVERNORS PLACE SEC 2
Census Tract455102
Assessed Land Value$89,432
Assessed Improvement Value$273,472
Assessment Year2025

About this property

Tucked beneath mature shade trees in the desirable Governors Place community, this impeccably maintained 4-bedroom, 2.5-bath home offers 3,005 SF of timeless comfort and style. The updated kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and a generous breakfast bar overlooking the inviting family room with fireplace. The first-floor primary suite includes a beautifully renovated bath with dual vanities, soaking tub, oversized walk-in shower, and large walk-in closet. Upstairs, you'll find three spacious bedrooms, an updated full bath, and an oversized game room. Relax on the covered patio overlooking the private backyard. Zoned to highly acclaimed Katy ISD with convenient access to I-10, Grand Parkway, shopping, dining, parks, and the Energy Corridor. Move-in ready and beautifully maintained.

Investor Tools

Property Icon
$362,904
Estimated Property Value
$60,000Estimated Mortgage Balance
$362,904Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Dixie Hightower

Compass RE Texas, LLC - Memorial

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$177/month
$696/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$314
$362,904
2025
$89,432
$273,472
$362,904
No

Tax History

Year
Tax Paid
Assessed Value
2024
$314
$362,904

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationsbank Na
Building Or Construction Loan
$60,000
No
First
N/A
Jun 2014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$362,904
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$696/mo
+$2,134/mo
9.4%

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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