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$380,626

2422 Grey Reef Dr, Katy, TX, 77449

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,577 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.29 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Free-Standing Range, Gas Cooktop, Dishwasher, Oven
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size5,057 sqft

Building Information

Year Built2014
Garage Spaces2

Land Information

APN1347800010009
Lot Number9
SubdivisionLakes Of Mason Park
Land UseResidential
Legal DescriptionLT 9 BLK 1 LAKES OF MASON PARK SEC 3
Census Tract542901
Assessed Land Value$51,348
Assessed Improvement Value$329,278
Assessment Year2025

About this property

Gorgeous home with Stone Elevation & Lush Landscaping! This home features so many upgrades such as an open floorplan with solid wood speak easy front door; 20X20 porcelain tile throughout the downstairs; no carpet downstairs; wood tile in foyer area & formal dining; granite counters; upgraded stainless steel appliances; custom paint; gas fireplace; ceiling fans; beautiful fixtures; remodeled fabulous half bath; additional sink added in laundry room; walk in closets; large secondary bedrooms; cover front porch; extended covered back patio; outdoor kitchen & refrigerator; sprinkler system; full gutters around the house; water softener; epoxy garage floor; A/C replaced in 2020, and much more. Make your appointment today!

Investor Tools

Property Icon
$380,626
Estimated Property Value
$225,000Estimated Mortgage Balance
$175,939Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,284 /month
Positive
Cash Flow Estimate:
$761 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$751/month
$475/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,105
$380,626
2025
$51,348
$329,278
$380,626
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,105
$380,626

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Unknown
$225,000
No
First
Aug 31, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,687
$175,939
46%
54%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,780/mo
$1,824/mo
+$956/mo
8.8%

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.

Explore Texas Explore This Area
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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