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$408,000

NAL Estimated Property Value

23766 River Place Drive, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,617 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.7 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size6,694 sqft

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2952-09-001-0260-914
Lot Number26
SubdivisionFalcon Landing Sec 9
Land UseResidential
Legal DescriptionFALCON LANDING SEC 9, BLOCK 1, LOT 26
Census Tract673107
Assessed Land Value$42,900
Assessed Improvement Value$354,423
Assessment Year2025

About this property

Beautiful home in a gated community just waiting for a family to move in and make it a home. This house has been updated with 2 new HVAC systems, New Flooring, New Light Fixtures, New Faucets, New Hardware, New Front Door, New Rear Door and New Paint all interior (doors, trim, walls, and ceilings) and is move in ready. Main floor is very spacious with 2 living areas and dining area. The master bedroom includes a great sitting area overlooking the back yard. The backyard is big with lush green grass and a deck for family get togethers.

Investor Tools

Property Icon
$408,000
Estimated Property Value
$0Estimated Mortgage Balance
$408,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,448 /month
Positive
Cash Flow Estimate:
$816 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$537/month
$675/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,405
$389,824
2025
$42,900
$354,423
$397,323
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,405
$389,824

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$408,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$675/mo
+$2,665/mo
9.8%

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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23766 River Place Drive | Property Details | No Agent List