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$781,000

NAL Estimated Property Value

806 Lake Grayson Dr, Katy, TX, 77494

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,147 Sq Ft
price_per_sqft$163.95 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Lot Size22,695 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2531-01-001-0250-914
Lot Number25
SubdivisionCountry Lakes Sec 1
Land UseResidential
Legal DescriptionCOUNTRY LAKES SEC 1, BLOCK 1, LOT 25
Census Tract673108
Assessed Land Value$124,625
Assessed Improvement Value$603,768
Assessment Year2025

About this property

This fantastic home has space for everything! This home is situated on just over half an acre, on one of the largest lots in the neighborhood. There is a room for everything, including a formal dining, formal living room, home office/study, and a massive "bonus room" upstairs that is large enough that it could even be sectioned off into two rooms, if need be. The primary bedroom is huge, and the secondary bedrooms are all spacious, each with their own walk-in closet. Coming in from the garage is a very large mud and laundry room with a sink and tons of storage and countertop space. Between the extra-long driveway and 3-car garage, there is plenty of parking space. Enjoy the great backyard space from the covered patio or cool off in the pool. This home has a great open layout, with the kitchen open to the family room. The kitchen has lots of storage space, an island, granite countertops, and a brick stove surround.

Investor Tools

Property Icon
$781,000
Estimated Property Value
$553,230Estimated Mortgage Balance
$227,770Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,686 /month
Positive
Cash Flow Estimate:
$1,562 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,125/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,590
$728,393
2025
$124,625
$603,768
$728,393
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,590
$728,393

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cherry Creek Mortgage Co Inc
Conventional
$541,600
No
First
Jul 21, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$553,230
$238,770
30%
71%
$3,654/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$4,854/mo
$-1,514/mo
5.1%

Learn About the Market: Opportunity in Texas

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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.

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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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806 Lake Grayson Dr | Property Details | No Agent List