1view

$412,000

2406 Slate Ridge Ln, Katy, TX, 77494

Off Market

4 Beds

3 Bath

2,662 Sq Ft

Single Family Residence

$159.28 / sqft

Built in 2005

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size6,668 sqft

Building Information

Year Built2005

Stories2

Roof Type105

Garage Spaces2

Land Information

APN2965-05-007-0010-914

Lot Number1

SubdivisionFalcon Ranch Sec 5

Land UseResidential

Legal DescriptionFALCON RANCH SEC 5, BLOCK 7, LOT 1

Census Tract673107

Assessed Land Value$42,900

Assessed Improvement Value$367,529

Assessment Year2025

About this property

Welcome Home! 2406 Slate Ridge Lane is conveniently located in the well-established neighborhood of Falcon Ranch. Enjoy proximity to commuter routes, shopping and dining, while also benefitting from the mature trees and neighborhood amenities of this desirable location. This beautiful 4 bedroom, 2.5 bathroom home is located on a corner lot in Katy, Texas. The spacious layout includes a large living area, formal dining room, and a gourmet kitchen with stainless steel appliances. The master suite features a walk-in closet and a luxurious en-suite bathroom with a soaking tub and separate shower. The property is located on a corner lot, no back neighbors. New roof installed in 2023. New HVAC in 2022. New siding on the back of the house. Tiles installed throughout the house. Falcon Ranch boasts a pool, splash pad, parks, tennis courts, and access pedestrian access to hike & bike trails for outdoor enthusiasts. Zoned to the prestigious KATY ISD schools. Schedule your showing today!

Investor Tools

$412,000

Estimated Property Value

$392,500Estimated Mortgage Balance

$24,077Estimated Equity

5% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,544 /month

Positive

Cash Flow Estimate:

$848 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$615/month

$600/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,316

$410,429

2025

$42,900

$367,529

$410,429

Tax History

Year

Tax Paid

Assessed Value

2025

$5,316

$410,429

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$392,500

First

Sep 15, 2025

Oct 2040

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$387,923

$28,077

94%

$2,354/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$2,954/mo

+$386/mo

9.7%

Learn About the Market: Opportunity in Texas

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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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