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$399,900

5415 Nero Lake Dr, Katy, TX, 77449

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,956 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.28 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Gas Range, Dishwasher

Exterior

Private PoolPrivate Pool
Lot Size7,244 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN1383980010053
Lot Number53
Land UseResidential
Legal DescriptionLT 53 BLK 1 PLANTATION LAKES SEC 23
Census Tract542105
Assessed Land Value$58,478
Assessed Improvement Value$313,932
Assessment Year2025

About this property

This spacious 5-bedroom, 4-bath home offers plenty of room to live, work, and entertain. Inside, you'll find a welcoming layout with a front receiving room, open-concept kitchen, and spacious family room designed for everyday living and entertaining. Upstairs, a large game room provides additional living space, while the versatile bedroom layout includes a Jack-and-Jill bath and a private guest suite with its own full bath. Whether hosting friends or enjoying a quiet evening, the pool creates the perfect setting for year-round outdoor enjoyment. Exterior solar sun shades improve comfort, and support energy-efficient cooling. Katy continues to be highly regarded for its excellency in education ratings, and is of Houston area's most desirable communities, offering excellent amenities, parks, shopping, dining, and a strong family-oriented lifestyle. Combining generous living spaces, energy-saving features, and a backyard designed for enjoyment, this home is ready to welcome you!

Investor Tools

$216,494Estimated Mortgage Balance
$156,351Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,399 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Miriam Rivademar

RA Brokers

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
$489/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,265
$372,410
2025
$58,478
$313,932
$372,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,265
$372,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Fha
$242,208
Yes
First
Nov 9, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,494
$177,506
45%
58%
$1,453/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,780/mo
$1,942/mo
+$838/mo
9.0%

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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5415 Nero Lake Dr | Property Details | No Agent List