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$285,000

5007 Grove Square Ct, Katy, TX, 77449

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,069 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.97 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Dishwasher

Exterior

Lot Size4,761 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1295960010098
Lot Number98
SubdivisionRicewood Village
Land UseResidential
Legal DescriptionLT 98 BLK 1 RICEWOOD VILLAGE SEC 6
Census Tract542202
Assessed Land Value$56,034
Assessed Improvement Value$195,260
Assessment Year2025

About this property

This 4 bedroom, 2 1/2 bath 2-story in Ricewood Village sits on a cul-de-sac lot! The home has been refreshed with new interior paint, new flooring, new granite countertops, and stainless steel appliances. This open plan has plenty of natural light, and space for multiple living and dining areas. All bedrooms up. The primary bedroom features a private adjoining bath with separate shower, dual sinks, and two closets. Three secondary bedrooms are spacious with good closet space and share a whole bathroom. The backyard is a nice size that is perfect for games, pets, or just relaxing. Attached 2 car garage. Home is VACANT and move in ready!

Investor Tools

Property Icon
$285,000
Estimated Property Value
$220,000Estimated Mortgage Balance
$83,342Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$248/month
$459/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,556
$251,294
2025
$56,034
$195,260
$251,294
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,556
$251,294

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Usa Mortgage Inc
Conventional
$220,000
No
First
Dec 6, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,658
$76,342
27%
71%
$1,320/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,780/mo
$1,779/mo
+$1,001/mo
11.7%

Learn About the Market: Opportunity in Texas

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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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