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$769,000

3234 & 3238 Frying Pan Place, Katy, TX, 77449

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths3,610 Sq Ft
QuadruplexQuadruplex
price_per_sqft$213.02 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher, Refrigerator

Exterior

Lot Size1,507 sqft

Building Information

Year Built2023
Garage Spaces1

Land Information

APN1479440010002
Lot Number2
Land UseResidential Single Family
Legal DescriptionLT 2 BLK 1 WATERSTONE HEIGHTS
Census Tract542901
Assessment Year2025

About this property

HOUSE HACK & MultiFamily INVESTOR Fantastic Opportunity! The ONLY BRAND NEW DUPLEXES in Katy. GPS 3107 Elrod Rd, 77449. 2-PLEX Featuring two units of 2 bed/2 bath with garages & carports. Why KATY Waterstone community? Unbeatable LOCATION!!! Brand new construction & Modern. Affordable price. Minimalist, spacious & openness vibe. Stylish finishes including Quartz counters, Subway & Hex tile in baths, Plank flooring. No carpet/ easy maintenance. Tenant proof. Blinds, remote garage, 10-Foot ceilings, island kitchens, ceiling fans. Gated community, green space, reservoir. Ideal for investors or live in one unit & rent out the others to pay down mortgage/ passive income. Strong rental demand in the area (do your own diligence). Strategically 1-2 minutes to 99 pkwy, all the fabulous shopping, restaurants, Katy Mill, Katy Asian Town, entertainment, conveniences, nightlife, and quick hop to downtown Katy. Come see TODAY. Inquire more details on Full appliances pkg.

Investor Tools

$289,379Estimated Mortgage Balance
$9,621Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,614 /month
Positive
Cash Flow Estimate:
$1,538 /month

Interested in this property?

Tina Vu

Walzel Properties - Corporate Office

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$125/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$294,566
Yes
First
Sep 5, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,379
$9,621
3%
97%
$1,767/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$2,067/mo
+$83/mo
8.6%

City: Katy

3234 & 3238 Frying Pan Place | Property Details | No Agent List