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$404,000

NAL Estimated Property Value

5119 Redleaf Forest Ln, Katy, TX, 77494

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,045 Sq Ft
price_per_sqft$129.58 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Range, Oven, Gas Oven
FlooringLaminate, Tile

Exterior

Lot Size6,922 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces1

Land Information

APN2295-04-002-0190-914
Lot Number19
SubdivisionCinco West At Seven Meadows Sec 4
Land UseResidential
Legal DescriptionCINCO WEST AT SEVEN MEADOWS SEC 4, BLOCK 2, LOT 19
Census Tract673105
Assessed Land Value$57,200
Assessed Improvement Value$331,093
Assessment Year2025

About this property

Just in time for Summer, this lovely, well cared for, home nestled in Cinco Ranch shines with pride of ownership! The 3 bedroom, 2 bath, 2 car garage home features an Open Concept design with tons of upgrades & lots of personality. Some of the upgrades done in 2017 include a new roof, fresh custom paint in a neutral color palette, & beautiful tile flooring. The 5-burner stainless gas range, microwave, & hot water heater were replaced in 2018. The home also boasts Hunter Douglas custom roller shades, surround sound in the Family Room, a private Study, & a trending Chef's Kitchen. Besides being known for its exemplary schools, the community amenities within Cinco Ranch provide activities for the whole family year round. Minutes away is LaCenterra, designed to cater to your every need; including a multitude of upscale shopping, restaurants, & entertainment venues. This home is practically brand new, move in ready, & won't require major upgrades for many years to come! NO FLOODING!

Investor Tools

Property Icon
$404,000
Estimated Property Value
$222,033Estimated Mortgage Balance
$181,967Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,424 /month
Positive
Cash Flow Estimate:
$808 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$533/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,382
$388,293
2025
$57,200
$331,093
$388,293
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,382
$388,293

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Conventional
$240,000
No
First
May 27, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,033
$198,967
47%
55%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,639/mo
$-59/mo
7.7%

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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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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5119 Redleaf Forest Ln | Property Details | No Agent List