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6view

Owner Contacts

$350,544

NAL Estimated Property Value

2802 Fortuna Dr, Katy, TX, 77493

Off Market

4 Beds

2 Bath

1,938 Sq Ft

Single Family Residence

$172.86 / sqft

Built in 1971

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Cooktop, Dishwasher

FlooringTile

Exterior

Lot Size17,999 sqft

Building Information

Year Built1971

Garage Spaces3

Land Information

APN0880180000011

Lot Number11

SubdivisionRiceland Terrace

Land UseResidential

Legal DescriptionLT 11 BLK 3 RICELAND TERRACE

Census Tract542800

Assessed Land Value$137,880

Assessed Improvement Value$212,664

Assessment Year2025

About this property

Nicely updated one-story home on large 18,000 sq ft lot in city of Katy Riceland Terrace neighborhood. Home has 4 bedrooms, 2 baths and 3 car garage + spacious storage added to east end of garage. Home has newer roof (2021), updated kitchen and baths, new exterior HVAC installed 2019. Home boasts oversized garage to provide extra storage for workspace/projects. Wood burning fireplace in family room is open to breakfast room & kitchen. Formal dining/living room are located at front of home off the formal entry. All 4 bedrooms are nicely sized with good closet space. Flooring has been updated with wood-look tile throughout most of home. Updated cabinetry installed in kitchen, both baths. Neutral colors and finishes make this home easy to make your own. Large lot and trees give you additional privacy and space to enjoy while still benefitting from city of Katy location. No MUD tax and no HOA. Zoned to Katy High School, Katy Jr. High - GO TIGERS!

Investor Tools

$350,544

Estimated Property Value

$224,742Estimated Mortgage Balance

$125,802Estimated Equity

35% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,103 /month

Positive

Cash Flow Estimate:

$701 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$188/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$503

$350,544

2025

$137,880

$212,664

$350,544

Tax History

Year

Tax Paid

Assessed Value

2024

$503

$350,544

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Loanpeople Llc

Fha

$230,903

Yes

First

Nov 5, 2024

Dec 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$224,742

$125,802

35%

64%

$1,385/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,880/mo

$1,385/mo

+$1,495/mo

9.9%

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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