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$391,059

3002 Josephine Falls Ct, Katy, TX, 77494

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,860 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size10,586 sqft

Building Information

Year Built2015
Roof Type105
Garage Spaces2

Land Information

APN7897-10-004-0080-901
Lot Number8
SubdivisionTamarron Sec 10
Land UseResidential
Legal DescriptionTAMARRON SEC 10, BLOCK 4, LOT 8
Census Tract673202
Assessed Land Value$81,965
Assessed Improvement Value$309,094
Assessment Year2025

About this property

If you are looking for a great home in Tamarron, THIS IS IT!!! This home features a nice lot at the end of the cul-de-sac, with a large green space with a walking trail to the side. The back yard is HUGE too! Front and back porches are covered. Inside you find 5 spacious Bedrooms with 2.5 bathrooms, an island kitchen with stainless appliances, bright lighting and granite countertops. The primary bedroom is large and the primary en-suite has dual sinks and a large walk-in closet. The secondary bedroom located on the first floor could also serve as a home office. Upstairs, you'll find 3 additional bedrooms, a shared bathroom and a massive game room! The fridge is furnished. The back yard is large enough for a kids soccer game, volleyball game, or just run off the energy of the day! The owner will handle the yard mowing/maintenance for an additional $120/month. Make an appointment for this amazing home today!

Investor Tools

Property Icon
$391,059
Estimated Property Value
$227,250Estimated Mortgage Balance
$212,510Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$706/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,513
$391,059
2025
$81,965
$309,094
$391,059
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,513
$391,059

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$227,250
No
First
Apr 25, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,549
$212,510
54%
46%
$1,363/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$1,363/mo
+$1,977/mo
10.2%

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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3002 Josephine Falls Ct | Property Details | No Agent List