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$358,000

NAL Estimated Property Value

23771 River Place Drive, Katy, TX, 77494

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,914 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.62 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Range, Electric Oven
FlooringCarpet, Tile, Wood

Exterior

Lot Size6,752 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2952-09-002-0450-914
Lot Number45
SubdivisionFalcon Landing Sec 9
Land UseResidential
Legal DescriptionFALCON LANDING SEC 9, BLOCK 2, LOT 45
Census Tract673107
Assessed Land Value$42,900
Assessed Improvement Value$293,629
Assessment Year2025

About this property

Beautiful One-Story home in the Gated Community of Falcon Landing. Clean, Fresh & Move In Ready! Large Island Kitchen and Breakfast Bar; Fireplace; Crown Molding; Ceiling Fans; Beautiful Wood Floors, Tile and Carpet; You will Love the Back Yard with Patio & Deck; Large Trees; Sprinkler System. Updated Lighting; WIFI connected Garage Door Opener; Nest Security Cameras & Doorbell. Excellent Location - easy access to 99 Grand Parkway; I-10; Westpark Tollway - easy commute to Medical Center and Energy Corridor. Zoned to Katy ISD! Close to shopping, dining, entertainment.

Investor Tools

Property Icon
$358,000
Estimated Property Value
$212,748Estimated Mortgage Balance
$145,252Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,148 /month
Positive
Cash Flow Estimate:
$716 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
$675/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,589
$336,529
2025
$42,900
$293,629
$336,529
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,589
$336,529

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$239,465
No
First
Aug 26, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,748
$145,252
40%
59%
$1,436/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,111/mo
+$469/mo
8.6%

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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23771 River Place Drive | Property Details | No Agent List