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$357,985

NAL Estimated Property Value

24702 Forest Canopy Dr, Katy, TX, 77493

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,546 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.36 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher, Oven
FlooringCarpet, Vinyl

Exterior

Lot Size5,502 sqft

Building Information

Year Built2014
Garage Spaces2

Land Information

APN1353840030004
Lot Number4
Land UseResidential
Legal DescriptionLT 4 BLK 3 LAKECREST FOREST SEC 5
Census Tract542902
Assessed Land Value$65,650
Assessed Improvement Value$292,335
Assessment Year2025

About this property

Beautifully remodeled home nestled in the heart of Lakecrest Forest with open plan family room, kitchen and breakfast area. The home boasts 4 bedrooms, formal dining room and upstairs game room. Recently upgraded with luxury vinyl plank flooring in the main living areas and plush new carpet in the bedrooms and game room. The gourmet kitchen features stainless steel appliances, granite counters and trendy subway backsplash. The whole home has been refitted with chic light fixtures and modern ceiling fans. The interior of the home has been fully repainted to give a clean and fresh feel. All bathrooms have newly installed hardware and vanity lights. The home is zoned to the highly desirable Katy ISD. Neighborhood amenities include a swimming pool, playground, parks and walking trails as well as a sports complex. The home is conveniently located near to the Grand Parkway and I-10 with easy access to the medical center and Downtown Houston. Hurry this one will go fast!

Investor Tools

Property Icon
$357,985
Estimated Property Value
$354,346Estimated Mortgage Balance
$3,639Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,159 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$547/month
$595/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,774
$357,985
2025
$65,650
$292,335
$357,985
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,774
$357,985

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerihome Mortgage Company Llc
Va
$360,150
Yes
First
Jun 11, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,346
$3,639
1%
99%
$2,160/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$2,755/mo
+$125/mo
9.7%

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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24702 Forest Canopy Dr | Property Details | No Agent List