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$185,000

NAL Estimated Property Value

705 Thomas Avenue, Katy, TX, 77494

$228,732 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,623 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.99 / sqft
Year BuiltBuilt in 1947

About this property

Older frame home on almost 1/3 acre has much potential. Located on corner of Roberts Road and Thomas Avenue just a few feet away from Hwy 90 and Pin Oak Road intersection. Home built in 1947. 1 - 1/2 story. 3 bedroom, 1 bath. Home has entrances that face both Thomas Avenue and Roberts Road. Large trees and 2 small outbuildings. Home has been used as a residential rental but has good commercial potential.

Investor Tools

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$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$228,731
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

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

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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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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705 Thomas Avenue | Property Details | No Agent List