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$298,000

NAL Estimated Property Value

962 Mesa Terrace Drive, Katy, TX, 77450

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,276 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.04 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Range, Dishwasher, Oven
FlooringTile, Wood

Exterior

Lot Size10,899 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1118950000027
Lot Number27
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 27 BLK 23 CIMARRON SEC 6
Census Tract455103
Assessed Land Value$75,700
Assessed Improvement Value$214,092
Assessment Year2025

About this property

RARE Find...ONE STORY home w/ one of the Biggest Lots in Cimarron, almost 11,00 sqft, cul-de-sac, 4 bedrooms, 2 full baths, w/an OVERSIZED detached garage & additional side slab. Warm wood floors thruout including ALL bedrooms, renovated kitchen including Quartz counter tops, new kitchen cabinets, gas range stove & tile floors. Exceptionally large living room & family room w/wall of built-ins, large enough for a home office including two desks if needed OR GREAT for entertaining & just extra storage. Pex Plumbing, Hardiplank Exterior, Sprinkler system, & Laundry room inside the house makes this a place to call Home! Enjoy Access to the Clubhouse / pool, tennis courts in this established neighborhood & wonderful schools! VERY convenient to the Energy Corridor, -10, Bltwy 8, shopping areas, restaurants. Per Seller - Selling As Is.

Investor Tools

Property Icon
$298,000
Estimated Property Value
$238,707Estimated Mortgage Balance
$59,293Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,324
$289,792
2025
$75,700
$214,092
$289,792
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,324
$289,792

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$250,381
No
First
Jul 14, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,707
$59,293
19%
80%
$1,578/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,830/mo
$2,028/mo
+$802/mo
11.4%

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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962 Mesa Terrace Drive | Property Details | No Agent List