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$249,000

6206 Marina Canyon Way, Katy, TX, 77450

PendingInfo
Beds3 Beds
Baths3 Bath
Baths1,796 Sq Ft
price_per_sqft$138.64 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Vinyl Plank

Exterior

Exterior FeaturesBack Green Space
Lot Size5,265 sqft

Building Information

Year Built2000
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2251-03-001-0060-914
Lot Number6
SubdivisionCanyon Gate Cinco Ranch Sec 3
Land UseResidential
Legal DescriptionCANYON GATE CINCO RANCH SEC 3, BLOCK 1, LOT 6
Census Tract673007
Assessed Land Value$33,438
Assessed Improvement Value$236,842
Assessment Year2025

About this property

You won’t find many opportunities like this in Katy at this price! Located in a manned gated community with an impressive list of amenities & zoned to desirable schools, home offers exceptional opportunity for a first-time buyer, investor, or anyone looking for value in a established community. A quiet section w/no back neighbors, this home offers a generously sized backyard. Seller once enjoyed a lush garden here, space provides plenty of room to create your own backyard dream. Improvements:2024 roof, 2026 A/C repairs, a new garbage disposal 2026, giving the next owner a head start on some important updates. The property is being offered as-is and priced to sell, presenting an opportunity to build equity and make the home your own. Enjoy the benefits of a manned gated community, along with an array of amenities designed for residents to enjoy. With its combination of location, schools, security, amenities, backyard space, and price point, this is an opportunity worth seeing.

Investor Tools

$68,410Estimated Mortgage Balance
$217,590Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
$1,395/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,822
$270,280
2025
$33,438
$236,842
$270,280
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,822
$270,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Fha
$104,723
Yes
First
Nov 14, 2011
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$68,410
$201,870
74%
24%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$1,395/mo
+$795/mo
9.2%

City: Katy

6206 Marina Canyon Way | Property Details | No Agent List