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$573,249

NAL Estimated Property Value

2942 Katy Hockley Rd, TX, 77493

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,360 Sq Ft
price_per_sqft$233.05 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringLaminate, Terrazzo, Tile

Exterior

Lot Size31,947 sqft

Building Information

Year Built1967
Stories1
Garage Spaces4

Land Information

APN0480770000072
Land UseResidential
Legal DescriptionTR 3S ABST 1540 H&TCRR SEC 64 BLK 2
Census Tract542800
Assessed Land Value$95,841
Assessed Improvement Value$477,408
Assessment Year2025

About this property

Unique property in old Katy. Lovely 3 bedroom, 3.5 bath home on oversized 7/10 acre lot. Garage parking for 4 cars - one attached 2 car garage + additional 2 car detached garage. This lot has room to park your boat or RV as well. Mature trees shade the beautiful yard front and back. Large screened porch provide views of the backyard & opens off the living/breakfast area. Air-conditioned shed in the backyard is being used as a hobby/craft area - could be a great Man-Cave/She-Shed. Living room has fireplace, built-ins & is adjacent to breakfast/kitchen area. Formal dining has been converted to a home office and formal living room is now the dining room. Plenty of options for you to utilize the space to best suit your needs. Home boasts large closets with built-ins throughout. Updates to kitchens & baths. Each bedroom has its own ensuite bath. Recent roof. Large utility room has extra storage. No MUD tax or HOA. Low city of Katy tax rate. Zoned to Katy High. Home has never flooded.

Investor Tools

Property Icon
$573,249
Estimated Property Value
$391,687Estimated Mortgage Balance
$181,562Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,439 /month
Positive
Cash Flow Estimate:
$1,146 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$675/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,228
$573,249
2025
$95,841
$477,408
$573,249
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,228
$573,249

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$397,500
No
First
Jul 28, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$391,687
$181,562
31%
68%
$2,384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,384/mo
$-154/mo
4.7%

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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2942 Katy Hockley Rd | Property Details | No Agent List