B+

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Owner Contacts

$895,963

NAL Estimated Property Value

48 E Kitty Hawk St, Richmond, TX, 77406

Off Market

3 Beds

4 Bath

2,894 Sq Ft

Single Family Residence

$276.4 / sqft

Built in 2002

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Water Softener, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water

FlooringCarpet, Tile

Exterior

Private Pool

Lot Size1.77 acres

Building Information

Year Built2002

Stories1

Garage Spaces2

Land Information

APN2590-00-000-0480-901

Lot Number48

SubdivisionCovey Trails

Land UsePublic Works

Legal DescriptionCOVEY TRAILS, LOT 48, ACRES 1.7722, A-274 R H KU

Census Tract673402

Assessed Land Value$405,396

Assessed Improvement Value$548,704

Assessment Year2025

About this property

Calling ALL Pilots! Your opportunity to own a Custom Home with 2 separate Hangars on the East taxiway of Covey Trails Airpark - X09. Located on Beautiful oak-lined streets, this Airpark is close to dining & shopping - close to Houston. Fly off this well maintained 3,300ft x 150ft 17/35 "lighted" turf runway. 100LL is available on the field. Flanked by both hangars, you'll enter this custom estate's concrete circle drive with plenty of parking for your cars & aircraft. RV hookup with 50 amp plug & clean outs. Hangar #1 is a 50x50 x 14' tall metal hangar with an accordion style Hangar door. Also has a side door & separate driveway for RV entrance. Hangar #2 is a 42 x 48 metal hangar with a 12ft clearance & Bi-fold door & flex room for office or an extra bedroom. Taxi your aircraft on the grass taxiway on the east side & behind the home. Enjoy shaded evenings by the pool & visit with friends in the screened in patio. Whole house generator, Instant hot water, manicured yard - see it today!

Investor Tools

$895,963

Estimated Property Value

$615,800Estimated Mortgage Balance

$280,163Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,376 /month

Positive

Cash Flow Estimate:

$1,792 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$661/month

$2,104/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,449

$895,963

2025

$405,396

$548,704

$954,100

Tax History

Year

Tax Paid

Assessed Value

2025

$3,449

$895,963

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cake Mortgage Corp

Conventional

$624,000

First

Aug 29, 2025

Sep 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$615,800

$280,163

31%

69%

$3,742/mo

Learn About the Market: Opportunity in Texas

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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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