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$305,000

5059 Ivy Fair Way, Katy, TX, 77449

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths2 Bath
Baths2,690 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.38 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Washer Included, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Vinyl Plank

Exterior

Lot Size5,502 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1295960010057
Lot Number57
SubdivisionRicewood Village
Land UseResidential
Legal DescriptionLT 57 BLK 1 RICEWOOD VILLAGE SEC 6
Census Tract542202
Assessed Land Value$56,908
Assessed Improvement Value$245,693
Assessment Year2025

About this property

Welcome home! This inviting 5-bedroom home sits on a large corner lot and offers plenty of space for comfortable everyday living and entertaining. The spacious den features a cozy corner gas fireplace and a wall of windows overlooking the backyard, filling the room with natural light. The well-appointed kitchen offers an abundance of cabinetry and opens to a bright breakfast room, while the adjoining dining room provides the perfect setting for gatherings. A downstairs bedroom offers flexibility as a study or home office. Upstairs, you’ll find a generous game room and four bedrooms, each with walk-in or double closets. The primary bath provides wonderful natural lighting and plenty of space. Enjoy a fully fenced backyard, double-pane windows, vinyl plank flooring throughout the downstairs, and carpet upstairs. Come see all this wonderful home has to offer!

Investor Tools

$120,822Estimated Mortgage Balance
$125,413Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,896 /month
Positive
Cash Flow Estimate:
$632 /month

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Mary DeVore

CB&A, Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$288/month
$492/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,873
$302,601
2025
$56,908
$245,693
$302,601
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,873
$302,601

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Mortgage Co
Fha
$128,814
Yes
First
Jul 27, 2012
Aug 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,822
$195,178
61%
38%
$999/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,491/mo
+$659/mo
8.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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