23Days on Market

36view

$190,000

7575 Katy Fwy Apt 93, Houston, TX, 77024

On Market

2 Beds

2 Bath

1,306 Sq Ft

Condos / Townhouses

$145.48 / sqft

Built in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringVinyl Plank

Exterior

Exterior FeaturesStorage

Building Information

Year Built1972

Stories1

Land Information

APN1120860000013

SubdivisionBayou Woods Condo

Land UseResidential

Legal DescriptionTH 93F BLDG C .7128 INT COMMON LAND & ELE BAYOU WOODS CONDO

Census Tract430101

Assessed Land Value$32,397

Assessed Improvement Value$138,116

Assessment Year2025

About this property

A true gem in the heart of Memorial, 7575 Katy Freeway #93 is a 2-bedroom, 2-bathroom second-floor condo located within a quiet gated community. The functional layout offers a welcoming foyer and mudroom entry, along with well-defined living spaces and a comfortable flow throughout. Residents enjoy access to a community pool, clubhouse, assigned carport, and private storage unit. One of the biggest perks is that the HOA covers electricity, water, and cable, helping simplify monthly expenses. Located in the highly desirable Memorial area, you're just minutes from Memorial City, CityCentre, the Energy Corridor, and some of Houston's best shopping and dining, with quick access to I-10 and Loop 610 for an easy commute anywhere in the city.

Investor Tools

$22,726Estimated Mortgage Balance

$172,274Estimated Equity

88% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,170 /month

Positive

Cash Flow Estimate:

$390 /month

Interested in this property?

Monica Foster

eXp Realty, LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$289/month

$809/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$170,513

2025

$32,397

$138,116

$170,513

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$170,513

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranty Bank

Credit Line (Revolving) / Heloc

$49,200

First

May 8, 2006

May 2031

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$22,726

$172,274

88%

12%

$295/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

$1,104/mo

+$806/mo

11.8%

Learn About the Market: Opportunity in Houston

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