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$295,020

NAL Estimated Property Value

418 Mornington Ln, Katy, TX, 77494

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,807 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.98 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator, Water Purifier
FlooringCarpet, Laminate, Tile

Exterior

Lot Size5,571 sqft

Building Information

Year Built2009
Garage Spaces2

Land Information

APN1277100040068
Lot Number68
SubdivisionLakes At Grand Harbor
Land UseResidential
Legal DescriptionLT 68 BLK 4 LAKES AT GRAND HARBOR SEC 2
Census Tract455300
Assessed Land Value$68,268
Assessed Improvement Value$226,752
Assessment Year2025

About this property

Great location zoned to Katy High School! This inviting one-story is move-in ready featuring new roof & gutters in 2019, new carpet in bedrooms & fresh interior paint in July 2020. Refrigerator, water softener/reverse osmosis included! This well-designed floorplan offers private study (or guestroom) off the entry, spacious kitchen opening to the dining & living room complete with laminate wood floors. The split plan includes gameroom or 2nd study separating two bedrooms & a guest bath. Enjoy your privacy in this spacious master suite offering large bedroom, oversized closet & huge en-suite bath. The 10X12 covered patio offers a great space for outdoor entertaining with built-in firepit & space for pets & family. Enjoy walking trails, park area & beautiful retention ponds with ducks! No flooding here per seller! This great location offers easy access to I-10 & the Grand Parkway - moments away from countless amenities including Katy Mills Mall, medical, shopping, entertainment & dining.

Investor Tools

Property Icon
$295,020
Estimated Property Value
$154,189Estimated Mortgage Balance
$140,831Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$438/month
$725/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,783
$295,020
2025
$68,268
$226,752
$295,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,783
$295,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southern Mortgage Group Llc
Conventional
$173,200
No
First
Sep 17, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,189
$145,811
48%
52%
$1,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,764/mo
+$816/mo
10.5%

City: Katy

418 Mornington Ln | Property Details | No Agent List