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6view

Owner Contacts

$453,000

NAL Estimated Property Value

6021 Drake Ct, Katy, TX, 77493

$533,476 ARV

Off Market

4 Beds

3 Bath

2,718 Sq Ft

Single Family Residence

$114.05 / sqft

Built in 2003

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size9,296 sqft

Building Information

Year Built2003

Garage Spaces2

Land Information

APN1194600010006

Lot Number6

SubdivisionHunters Terrace Estates

Land UseResidential

Legal DescriptionLT 6 BLK 1 HUNTERS TERRACE ESTATES

Census Tract542800

Assessed Land Value$68,976

Assessed Improvement Value$302,227

Assessment Year2025

About this property

Traditional, clean 2 story home located on a quiet cul-de-sac street in an established neighborhood - zoned to Katy High School - GO TIGERS - 2020 State Champs!! NO MUD TAX and super low HOA fee make this home located in desirable Hunter's Terrace neighborhood look even better! Enjoy the feel of small town living. Newly installed granite counter tops & SS sink in kitchen as well as newly installed stainless steel appliances. Spacious primary bedroom located downstairs with en-suite bath. Three upstairs bedrooms with walk in closets for loads of storage. Big game room up. Two living areas as well as formal dining & eat in kitchen make up this flexible floorplan. Freshly painted interior in neutral tones. Double paned windows provide lots of natural light. Large yard has plenty of room for a pool! Home has never flooded/not in a flood zone. Easy access to 99 & I-10. Home located in exemplary Katy ISD. Please view the 3D virtual tour link as well as the video for this home.

Investor Tools

$453,000

Estimated Property Value

$247,514Estimated Mortgage Balance

$205,486Estimated Equity

46% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$533,476

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,718 /month

Positive

Cash Flow Estimate:

$906 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$684/month

$30/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,940

$371,203

2025

$68,976

$302,227

$371,203

Tax History

Year

Tax Paid

Assessed Value

2024

$5,940

$371,203

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Quicken Loans Llc

Fha

$274,725

Yes

First

Mar 10, 2021

Apr 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$247,514

$212,486

46%

55%

$1,648/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,880/mo

$1,678/mo

+$1,202/mo

7.6%

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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