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$474,000

3103 Eula Morgan Road, Katy, TX, 77493

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,554 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$321.11 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Gas Range, Dishwasher

Exterior

Lot Size1.32 acres

Building Information

Year Built1954
Stories1
Garage Spaces5

Land Information

APN0481040000032
Land UseResidential
Legal DescriptionTR 2G-1 ABST 1567 H&TCRR SEC 80 BLK 2
Census Tract542800
Assessed Land Value$179,831
Assessed Improvement Value$137,163
Assessment Year2025

About this property

Amazing UNRESTRICTED, tree lined opportunity in Old Katy. This 2 Bedroom, 2 bathroom Bungalow home with endless possibilities, situated on a 1.3 Acre lot was once owned by the woman the street is named after EULA MORGAN. The property features an OVERSIZED 3 car garage with a climate-controlled storage room. 8 ft. tall garage doors and a depth of 25ft. Perfect for Texas sized trucks! There is also a WORKSHOP with TWO 8ft roller doors and covered porch, as well as a BOAT or RV storage bay. But that's not all! The property also includes a two-story CHICKEN COOP/FFA animal home, a shed on a slab with a loft area, and plenty of room to expand! You'll love the homes SCREENED-IN PORCH, providing a peaceful retreat surrounded by oak trees. Property is supplied by city gas but otherwise completely self sufficient with meticulously maintained SEPTIC and WELL, complete with WATER SOFTENER and REVERSE OSMOSIS. Schedule a tour SOON, HOME WONT LAST LONG!

Investor Tools

Property Icon
$474,000
Estimated Property Value
$0Estimated Mortgage Balance
$113,040Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$556/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,306
$316,994
2025
$179,831
$137,163
$316,994
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,306
$316,994

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$378,750
No
First
Oct 10, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$360,960
$113,040
23%
76%
$2,271/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,271/mo
$-581/mo
4.3%

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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3103 Eula Morgan Road | Property Details | No Agent List