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$280,000

22531 Indian Ridge Dr, Katy, TX, 77450

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,833 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.76 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Dishwasher
FlooringTile

Exterior

Lot Size7,980 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1084620000012
Lot Number12
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 12 BLK 14 CIMARRON SEC 2
Census Tract455104
Assessed Land Value$72,780
Assessed Improvement Value$185,086
Assessment Year2025

About this property

This well-maintained home boasts beautiful landscaping, high ceilings, a cozy wood-burning fireplace, and tile flooring throughout (no carpet). Enjoy the spacious laundry room, ceiling fans, and garage with epoxy flooring. The kitchen comes fully equipped with a refrigerator, washer, and dryer. The guest bathroom features a walk-in shower and double sinks.Enjoy evenings under the covered patio or around the backyard fire pit. Katy Schools, zone to Cinco Ranch High School.Community pool, club house and tennis court. This property is a must-see for anyone looking for comfort and style in their next home.

Investor Tools

$108,862Estimated Mortgage Balance
$149,004Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

Interested in this property?

Maritza Aleman

Realm Real Estate Professionals - Katy

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$255/month
$454/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,767
$257,866
2025
$72,780
$185,086
$257,866
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,767
$257,866

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$116,000
No
First
May 25, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,862
$149,004
57%
42%
$696/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$1,150/mo
+$1,040/mo
10.2%

City: Katy

22531 Indian Ridge Dr | Property Details | No Agent List