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$282,000

NAL Estimated Property Value

815 Park Meadow Dr, Katy, TX, 77450

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,028 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.89 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,475 sqft

Building Information

Year Built1975
Stories1
Garage Spaces2

Land Information

APN1085020000019
Lot Number19
SubdivisionMemorial Parkway
Land UseResidential
Legal DescriptionLT 19 BLK 8 MEMORIAL PARKWAY SEC 2
Census Tract454801
Assessed Land Value$78,513
Assessed Improvement Value$163,071
Assessment Year2025

About this property

Make ready is being done and will have new pics up soon! 2,080 SqFt of living space, big front and back yard. 3 bedrooms, 2 full bathrooms, detached garage with electric garage door operated with remote control. Kitchen appliances oven, countertop stove, and dishwasher. Carpeted floors, tiles in kitchen and bathroom areas. Look at the pictures and you'll find the rental criteria. Pets are case by case, but no aggressive breeds. -Lock this excellent rate for 2+ years. -Security deposit equivalent to 1 month's rent. -Income must be 3 times the rent. -We are looking for a tenant with a decent credit score.

Investor Tools

Property Icon
$282,000
Estimated Property Value
$611,208Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,692 /month
Positive
Cash Flow Estimate:
$564 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,805
$241,584
2025
$78,513
$163,071
$241,584
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,805
$241,584

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dugood Fcu
Stand Alone Second / Subordinate Position
$478,400
No
First
Jun 23, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$611,208
N/A
0%
217%
$4,025/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$4,025/mo
$-1,195/mo
12.0%

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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815 Park Meadow Dr | Property Details | No Agent List