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$345,715

NAL Estimated Property Value

407 Mornington Ln, Katy, TX, 77494

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,694 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.89 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Wood

Exterior

Lot Size5,632 sqft

Building Information

Year Built2008
Garage Spaces2

Land Information

APN1277100040062
Lot Number62
SubdivisionLakes At Grand Harbor
Land UseResidential
Legal DescriptionLT 62 BLK 4 LAKES AT GRAND HARBOR SEC 2
Census Tract455300
Assessed Land Value$68,353
Assessed Improvement Value$277,362
Assessment Year2025

About this property

Explore this charming 3-bedroom home nestled in a quiet Katy cul-de-sac, conveniently close to shopping centers and I-10. All bedrooms are located upstairs along with a versatile game room. The spacious primary bedroom boasts an additional sitting area and large closets. The home features an open floor plan with elegant wood and tile flooring on the ground level, formal dining (could also be a great office area), living room complemented by a well-appointed chef's designer kitchen with granite countertops, perfect for culinary enthusiasts. Outside, a sizable backyard provides ample space for activities. This property is part of the highly acclaimed Katy ISD. View the 3D walkthrough

Investor Tools

Property Icon
$345,715
Estimated Property Value
$330,288Estimated Mortgage Balance
$15,427Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,148 /month
Positive
Cash Flow Estimate:
$716 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$652/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,100
$345,715
2025
$68,353
$277,362
$345,715
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,100
$345,715

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$340,955
No
First
Aug 26, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,288
$17,712
5%
96%
$2,045/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,745/mo
$-165/mo
9.0%

City: Katy

407 Mornington Ln | Property Details | No Agent List