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$409,000

5115 Redleaf Forest Ln, Katy, TX, 77494

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,402 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.27 / sqft
Year BuiltBuilt in 2006

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
AppliancesDisposal, Microwave, Gas Range, Dishwasher
FlooringCarpet, Vinyl Plank

Exterior

Exterior FeaturesSide Yard
Lot Size6,983 sqft

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2295-04-002-0180-914
Lot Number18
SubdivisionCinco West At Seven Meadows Sec 4
Land UseResidential
Legal DescriptionCINCO WEST AT SEVEN MEADOWS SEC 4, BLOCK 2, LOT 18
Census Tract673105
Assessed Land Value$57,200
Assessed Improvement Value$350,500
Assessment Year2026

About this property

Welcome to 5115 Redleaf Forest Lane in desirable Cinco West at Seven Meadows! This beautifully maintained 3-bed/2.5 bath home offers 2,402 sq.ft. of living space w/a private home office, formal dining room, & oversized upstairs game room. Soaring vaulted ceilings, abundant natural light, & luxury vinyl plank flooring throughout the first floor enhance the spacious, open layout. The updated kitchen is open to the living room and features granite counters, stainless steel appliances, painted cabinetry, & a stylish backsplash. The first-floor oversized primary suite includes a spacious bathroom & oversized walk-in closet. Both upstairs secondary bedrooms are generously sized w/walk-in closets & convenient access to a shared full bathroom situated in the hallway. Additional highlights include a large laundry/mudroom, expansive covered patio, and spacious backyard with room for a future pool. Zoned to highly acclaimed Katy ISD, including Seven Lakes High School. Don't miss this opportunity!

Investor Tools

$196,706Estimated Mortgage Balance
$211,294Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

Interested in this property?

Tara McMeans

Southern Trust Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
$1,625/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,641
$407,700
2026
$57,200
$350,500
$407,700
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,641
$407,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Financial Unlimited Inc
Conventional
$260,250
No
First
Oct 1, 2015
Nov 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,706
$241,294
55%
48%
$859/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,484/mo
+$96/mo
7.6%

City: Katy

5115 Redleaf Forest Ln | Property Details | No Agent List