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$241,000

3357 Rachel Ln, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,388 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.12 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size5,001 sqft

Building Information

Year Built1995
Garage Spaces2

Land Information

APN1161420000007
Lot Number7
SubdivisionHeritage Park West
Land UseResidential
Legal DescriptionLT 7 HERITAGE PARK WEST SEC 1
Census Tract542800
Assessed Land Value$43,750
Assessed Improvement Value$179,247
Assessment Year2025

About this property

Welcome to this charming 3-bedroom, 2-bathroom single-story home in the sought-after Heritage Park West situated on a quiet cul-de-sac with no rear neighbors! The red brick exterior, covered porch, and well-kept lawn offer great curb appeal! Inside, the open floor plan features high ceilings, stylish light fixtures, tile flooring, and neutral paint throughout. The spacious family room offers plush carpeting, large windows, and a cozy gas-log fireplace. The island kitchen features stainless steel appliances, a breakfast bar, white cabinetry, and a modern backsplash. The bright breakfast area provides easy access to the backyard for indoor-outdoor dining. The primary suite offers a vaulted ceiling, large windows, plush carpet, and a luxurious ensuite with a walk-in shower, garden tub, and new vanity. Two spacious secondary bedrooms share a well-appointed full bath! The fenced backyard offers ample space for play and privacy, with endless possibilities for a playset, pool, or garden.

Investor Tools

Property Icon
$241,000
Estimated Property Value
$318,250Estimated Mortgage Balance
$0Estimated Equity
-32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,040
$222,997
2025
$43,750
$179,247
$222,997
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,040
$222,997

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$240,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$420/mo
+$1,810/mo
11.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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3357 Rachel Ln | Property Details | No Agent List