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$638,000

NAL Estimated Property Value

27003 Downing Park Boulevard, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,496 Sq Ft
price_per_sqft$124.43 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Cooktop, Electric Oven, Oven, ENERGY STAR Qualified Appliances
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size12,188 sqft

Building Information

Year Built2009
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2278-09-003-0080-914
Lot Number8
SubdivisionCinco Ranch Southwest Sec 9
Land UseResidential
Legal DescriptionCINCO RANCH SOUTHWEST SEC 9, BLOCK 3, LOT 8
Census Tract673110
Assessed Land Value$111,540
Assessed Improvement Value$533,906
Assessment Year2025

About this property

Beautifully maintained home in highly sought after Cinco Ranch could now be yours! This home is situated on a over-sized lot and has direct access to a trail which leads to a lake. Walk in to high ceilings and wood floors. Study-office on the 1st floor with french doors. Kitchen has ss appliances, large island, granite counters, ample storage, and is situated between the formal dining room and living room, making entertaining a breeze. Living room has gorgeous bay windows that over look the backyard. 1st floor master suite with wood floors and bay windows as well. En-suite master bath has double vanities, garden tub, and walk-in shower. Upstairs, you'll find a large bonus room, pre-wired media room, and 3 additional bedrooms. 1 bedroom has it's own en-suite and the other two have a jack-and-jill bathroom. You'll find an outdoor kitchen and covered patio outback, along with a metal privacy fence. Close proximity to schools. Come see this one today!

Investor Tools

Property Icon
$638,000
Estimated Property Value
$340,209Estimated Mortgage Balance
$297,791Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,828 /month
Positive
Cash Flow Estimate:
$1,276 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$927/month
$1,150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,933
$620,180
2025
$111,540
$533,906
$645,446
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,933
$620,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$386,100
No
First
Apr 17, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,209
$297,791
46%
53%
$2,315/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,465/mo
$-125/mo
6.3%

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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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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27003 Downing Park Boulevard | Property Details | No Agent List