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Days46Days on Market
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$459,000

$479,000

24311 Salts Mill Drive, Katy, TX, 77493

On MarketInfo
Price DropInfo
Beds4 Beds
Baths4 Bath
Baths3,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.45 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Gas Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size6,700 sqft

Building Information

Year Built2022
Garage Spaces1

Land Information

APN1453320030036
Lot Number36
Land UseResidential
Legal DescriptionLT 36 BLK 3 KATY LAKES SEC 5
Census Tract542902
Assessed Land Value$74,571
Assessed Improvement Value$364,847
Assessment Year2025

About this property

Welcome to 24311 Salts Mill Dr in the community of Katy Lakes in Katy, TX! You'll fall in love with this 4 bedroom, 3.5 bath, with game room, guest suite, 2 story home with a 2 car garage in a quiet area of the neighborhood. Upgrades include granite counters, LVP flooring, efficient HVAC system, faux wood blinds, covered back patio, and gutters all around the home. Zoned to award winning Katy ISD schools. Close to neighborhood amenities and shopping nearby. Conveniently located near 99/Grand Parkway and FM 529 with easy access to the Energy Corridor in Houston. All information provided as a courtesy and should be verified independently.

Investor Tools

$416,654Estimated Mortgage Balance
$57,346Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,844 /month
Positive
Cash Flow Estimate:
$948 /month

Interested in this property?

Matthew Scharff

Keller Williams Premier Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,272
$439,418
2025
$74,571
$364,847
$439,418
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,272
$439,418

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Total Mortgage Services Llc
Conventional
$449,551
No
First
Jul 29, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$416,654
$57,346
12%
88%
$2,696/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$3,696/mo
$-816/mo
7.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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