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$390,000

For Sale - Active
1415 Country Park Dr, Katy, TX 77450
4 Beds
0 Baths
2,669 Square Feet
0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: May 08, 2025 at 11:02PM

Investment Summary


Monthly Cash Flow
-$1,115
Cap Rate
2.9%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.4%

Property Description


0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Welcome to your charming home in the heart of Katy, Texas! This beautiful 2 story 4-bedroom, 2 and a half bathroom property is located in the desirable Memorial Parkway neighborhood. Comes with suite with a built in kitchen located above the garage. Zoned to the high acclaimed Katy Independent School District. Enjoy fantastic neighborhood amenities including sports courts, parks, pools, & community clubhouse. Don't miss out on the chance to own a piece of Katy's vibrant real estate market.

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Location


Property Details


Parking

  • Description: Detached, Garage, GarageDoorOpener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Roof Material: Slate

HOA

  • Has HOA: Yes
  • HOA Fee: $425/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1137830000023
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1980

Tax Information

  • Annual Tax: $6,668

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Central Air

Location

  • County: Harris

Listing Details


Listed by:
Banessa Tafolla
Walzel Properties - Corporate Office
(310) 808-3412

Source:
Houston Association of REALTORS
MLS#: 94939489
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,115
Cap Rate
2.9%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.4%

Purchase Details

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Purchase price:
$390,000
Amount financed:
-$312,000
Down payment:
$78,000
Closing costs:
$11,700
Rehab costs:
$0
Initial cash invested:
$89,700
Square feet:
2,669
Cost per square foot:
$146
Monthly rent per square foot:
$0.82

Financing Details

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Loan amount:
$312,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,042
Property tax:
$556
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,752

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$556-$6,668
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (2%)
2%-$35-$420
Total operating expenses: (52%)
52%-$1,141-$13,688

Cash Flow


Monthly Yearly
Net operating income:
$927 $11,124
Mortgage payments:
-$2,042 -$24,504
Cash flow:
$1,115 $13,380