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$2,070

406 Mornington Ln, Katy, TX, 77494

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,066 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1 / sqft
Year BuiltBuilt in 2010

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, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size5,275 sqft

Building Information

Year Built2010
Garage Spaces2

Land Information

APN1277100040065
Lot Number65
SubdivisionLakes At Grand Harbor
Land UseResidential
Legal DescriptionLT 65 BLK 4 LAKES AT GRAND HARBOR SEC 2
Census Tract455300
Assessed Land Value$67,870
Assessed Improvement Value$247,006
Assessment Year2025

About this property

Spacious 3-bedroom home located on a quiet Cul-De-Sac in a friendly neighborhood, with quick access to I-10, W Grand Pkwy, Katy Mills mall, Costco, shopping, dining and very day convenience just minutes away. This home features high ceilings, an open layout, and an additional large den that provides extra living or entertainment space. The kitchen and bathrooms have ceramic title flooring. Refrigerator, washer and dryer included. A great home offering plenty of space and a convenient layout.

Investor Tools

$139,155Estimated Mortgage Balance
$177,221Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,889 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Osaan Ronding

The Listing Firm

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$626/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,935
$314,876
2025
$67,870
$247,006
$314,876
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,935
$314,876

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ivy Mortgage Corp
Conventional
$159,600
No
First
Nov 15, 2019
Dec 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,155
$178,845
56%
44%
$957/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$957/mo
+$1,623/mo
9.8%

City: Katy

406 Mornington Ln | Property Details | No Agent List