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$445,000

2418 Blue Water Bay Drive, Katy, TX, 77494

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,411 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.57 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Dishwasher

Exterior

Lot Size7,954 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2960-06-001-0200-914
Lot Number20
SubdivisionFalcon Point Sec 6
Land UseResidential
Legal DescriptionFALCON POINT SEC 6, BLOCK 1, LOT 20
Census Tract673103
Assessed Land Value$52,000
Assessed Improvement Value$367,802
Assessment Year2025

About this property

Single-story home in Falcon Point Estates, Katy, TX. Leaded glass entry opens to a tiled foyer, formal dining with crown molding, and a formal living area with hardwood floors and high ceilings. Kitchen features a center island, gas cooktop, stainless steel appliances, chef's desk, and breakfast room. Family room opens to the kitchen with a cast stone gas-log fireplace, tile flooring, and a wall of windows. Primary suite includes hardwood floors, high ceilings, and an updated bath with double sinks, separate shower, and soaking tub. The 24x22 covered patio is built for entertaining — stamped concrete, outdoor bar, surround sound, recessed lighting, and 3 ceiling fans. Full sprinkler system. Convenient access to Grand Parkway (99), I-10, and Katy ISD.

Investor Tools

$321,561Estimated Mortgage Balance
$109,439Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

Interested in this property?

Jennifer Wauhob

Better Homes and Gardens Real Estate Gary Greene - Katy

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$585/month
$785/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,864
$419,802
2025
$52,000
$367,802
$419,802
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,864
$419,802

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Schlumberger Employees Cu
Conventional
$345,700
No
First
Sep 22, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$321,561
$109,439
25%
75%
$2,073/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,858/mo
+$482/mo
9.3%

City: Katy

2418 Blue Water Bay Drive | Property Details | No Agent List