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$299,000

5906 Bright Keel Drive, Katy, TX, 77493

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,910 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.54 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size6,242 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN1466180040013
Lot Number13
Land UseResidential
Legal DescriptionLT 13 BLK 4 SUNTERRA SEC 35
Census Tract542902
Assessed Land Value$63,648
Assessed Improvement Value$257,614
Assessment Year2025

About this property

Investor Opportunity in Sunterra! Current Rent $2,450/mo! Add a high-performing asset to your portfolio with this pristine, open-concept home built in 2024. Offering 3 spacious bedrooms and 2 full baths across 1,910 sq. ft., this modern residence features a bright, flowing kitchen that opens seamlessly into the living and dining areas. Private primary suite and a generous 6,240 sq. ft. lot. Zoned to highly acclaimed Katy ISD schools with fantastic community amenities and quick access to shopping, dining, and major highways. PROPERTY IS TENANT-OCCUPIED generating $2,450 per month. Strictly for investors only. Absolutely no showings until an offer has been accepted. Contact listing agent for lease details.

Investor Tools

$193,930Estimated Mortgage Balance
$127,332Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,928 /month
Positive
Cash Flow Estimate:
$643 /month

Interested in this property?

Timothy Chu

HomeSmart

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$200/month
$1,700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$793
$321,262
2025
$63,648
$257,614
$321,262
No

Tax History

Year
Tax Paid
Assessed Value
2024
$793
$321,262

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homexpress Mortgage Corp
Conventional
$200,193
No
First
Sep 25, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,930
$127,332
39%
60%
$1,201/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,901/mo
$-671/mo
8.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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5906 Bright Keel Drive | Property Details | No Agent List