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$284,000

NAL Estimated Property Value

5835 Prairie Chapel Rd, Katy, TX, 77493

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,714 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.19 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Vinyl

Exterior

Lot Size6,347 sqft

Building Information

Year Built2020
Garage Spaces1

Land Information

APN1406760010008
Lot Number8
Land UseResidential
Legal DescriptionLT 8 BLK 1 KATY CROSSING SEC 5
Census Tract542902
Assessed Land Value$50,996
Assessed Improvement Value$228,823
Assessment Year2025

About this property

Come see this spacious open-concept home with 3 bedrooms, 2 full baths, and 2 car garage located in the award winning Katy Independent School District, just outside the city limits of Katy. Home built in 2020 by Centex Homes. Tons of upgrades. Granite countertops in the kitchen. Dual vanities in the primary en-suite bath. Upgraded stainless steel appliances with microwave and refrigerator. Recessed lighting package. Covered patio perfect for outdoor entertaining. Come and check out this nearly-new 2 year old home without the higher cost or timeline of new construction! Conveniently located near Highway 99/Grand Parkway, 10 minutes from I-10, and a bit further from US-290. All information provided as a courtesy and should be verified independently. This home won't last!

Investor Tools

Property Icon
$284,000
Estimated Property Value
$284,895Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$547/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,143
$279,819
2025
$50,996
$228,823
$279,819
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,143
$279,819

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$294,566
No
First
Jul 15, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,895
N/A
0%
100%
$1,767/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,367/mo
$-137/mo
9.4%

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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5835 Prairie Chapel Rd | Property Details | No Agent List