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$375,000

NAL Estimated Property Value

5602 Iris Ln, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,806 Sq Ft
price_per_sqft$218.72 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringLaminate

Exterior

Lot Size12,598 sqft

Building Information

Year Built1967
Stories1
Garage Spaces5

Land Information

APN0915320000013
Lot Number13
SubdivisionNorth Katy Terrace
Land UseResidential
Legal DescriptionLT 13 BLK 4 NORTH KATY TERRACE
Census Tract542800
Assessed Land Value$96,390
Assessed Improvement Value$264,805
Assessment Year2025

About this property

Beautiful home in the city of Katy. Located walking distance from Mary Jo Peckham Park. This home has many updates, granite counter tops, freshly painted walls and picket fence. RV covered area with a 30-amp hookup, water and sewer, with a gate to the backyard and covered patio with a double driveway. Though winter has come, and the plants are dry, they all will come back with flowering colors for birds and butterflies. There is a privacy fence that backs up to green belt. Out back is a covered concrete patio with large fans and lights, large enough for family and friend's gatherings. There is a storage building with separate tool cabinet. There is a separate building for a crafter, office space, she shed, or man cave with ac/heating for year-round comfort. Bathrooms have new shower fixtures. Lovely kitchen suited for a chef with lots of storage. Garage has nice lighting underneath workspace. Garage door is insulated. Panty door painted with chalk board paint for notes or grocery list.

Investor Tools

Property Icon
$375,000
Estimated Property Value
$361,171Estimated Mortgage Balance
$13,829Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$271/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,374
$361,195
2025
$96,390
$264,805
$361,195
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,374
$361,195

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Fha
$368,207
Yes
First
Apr 21, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,171
$24
0%
96%
$2,208/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,208/mo
+$22/mo
7.1%

City: Katy

5602 Iris Ln | Property Details | No Agent List