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$296,000

NAL Estimated Property Value

506 Rockpoint Dr, Katy, TX, 77450

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,814 Sq Ft
price_per_sqft$137.82 / sqft
Year BuiltBuilt in 1978

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Gas Cooktop, Dishwasher, Cooktop
FlooringCarpet, Tile

Exterior

Lot Size7,070 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1110550000036
Lot Number36
SubdivisionWest Memorial South
Land UseResidential
Legal DescriptionLT 36 BLK 6 WEST MEMORIAL SOUTH SEC 1
Census Tract455200
Assessed Land Value$77,770
Assessed Improvement Value$187,707
Assessment Year2025

About this property

Welcome home! This 3 bedroom, 2 bathroom, with attached 2-car garage home located in West Memorial, is a GEM. Excellent location in the heart of Katy, with easy access to I-10 and 99! Move-in ready with updates including plush carpet, designer paint, modern ceiling fans, and Granite countertops- this home is in pristine condition and has great income potential. A+ curb appeal with a traditional brick exterior, lush lawn, mature trees, and bright windows. Step inside and fall in love with the open-concept floor plan, perfect for entertaining! The living room is spacious and features a cozy fireplace and a chic dry bar. Through a set of double doors, you'll find your chef's kitchen with double ovens, an updated dishwasher/counter/backsplash, a bright window, an island with breakfast bar seating, and a spacious breakfast nook. Outside, enjoy a fully-fenced backyard with large shade trees and a patio. Zoned to Katy ISD, this home's central location is near shops, dining & schools.

Investor Tools

Property Icon
$296,000
Estimated Property Value
$0Estimated Mortgage Balance
$296,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
$440/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,807
$265,477
2025
$77,770
$187,707
$265,477
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,807
$265,477

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$293,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$440/mo
+$1,750/mo
8.9%

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.

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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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506 Rockpoint Dr | Property Details | No Agent List