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$494,035

NAL Estimated Property Value

2327 Morning Park Dr, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,766 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.65 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Washer Included, Microwave
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size10,526 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2273-02-002-0110-914
Lot Number11
SubdivisionCinco Ranch Greenway Village Sec 2
Land UseResidential
Legal DescriptionCINCO RANCH GREENWAY VILLAGE SEC 2, BLOCK 2, LOT 11
Census Tract673005
Assessed Land Value$97,240
Assessed Improvement Value$396,795
Assessment Year2025

About this property

Welcome to 2327 Morning Park, ideally located in the heart of highly sought-after Cinco Ranch! This inviting one-story home features soaring ceilings, abundant natural light, and a spacious open floor plan perfect for everyday living and entertaining. The island kitchen offers granite countertops, painted cabinetry, tile backsplash, ample storage, and opens to the family room with built-ins and a fireplace. Step outside to your private backyard retreat featuring a covered patio and sparkling pool, perfect for Texas summers! Cinco Ranch residents enjoy exceptional amenities including multiple pools, parks, playgrounds, lakes, tennis and pickleball courts, fitness facilities, and miles of hike-and-bike trails. Conveniently located near LA Centerra, Cinco Ranch Golf Club, Katy Mills, Typhoon Texas, Grand Parkway and I-10. Zoned to acclaimed Katy ISD schools. Great opportunity to enjoy the Cinco Ranch lifestyle

Investor Tools

Property Icon
$494,035
Estimated Property Value
$186,148Estimated Mortgage Balance
$307,887Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,964 /month
Positive
Cash Flow Estimate:
$988 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
$1,450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,873
$494,035
2025
$97,240
$396,795
$494,035
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,873
$494,035

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Franklin American Mortgage Co
Stand Alone First / Home Equity First Lien
$225,000
No
First
Mar 1, 2018
Apr 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,148
$307,887
62%
38%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,799/mo
+$541/mo
8.1%

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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2327 Morning Park Dr | Property Details | No Agent List