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$649,000

For Sale - Active
1622 Quail Ridge Dr, Katy, TX 77493
4 Beds
0 Baths
3,381 Square Feet
0.00 Acres Lot
Built in 2015
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 23, 2025 at 03:18AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$833
Cap Rate
4.7%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Property Description


0.00 Acres Lot
Built in 2015
For Sale - Active
Units n/a

Discover your dream home in the highly sought-after Cane Island community! This stunning one-story Perry Home offers elegance and comfort with 4 spacious bedrooms and 3.5 luxurious baths with No Back Neighbors. Step inside to find a sophisticated study/library, a formal dining room perfect for entertaining, and a gourmet kitchen featuring a large island with granite countertops, a convenient butler’s pantry. The expansive game room/cozy living area create the ideal space for family fun/relaxation. Beautiful 18-inch ceramic tile floors, tall bay windows, and upgraded oversized patio with lush, enhanced landscaping, storage shed and French drains compliment the home's charm and functionality. Garage includes separate side door access to stone walkway located on both sides of the home. Located in the top-rated Katy ISD, mins from I-10, Buc-ee’s, Katy Mills Mall, and shopping centers. The perfect place to call home! Schedule your showing today to make this exquisite residence yours!

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $1,500/annually

Land Information

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

Lot Information

  • Parcel ID: 422364002017000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary/Modern
  • Year Built: 2015

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Waller

Listing Details


Listed by:
Stacey Lochan-Joseph
CENTURY 21 Western Realty, Inc
(713) 775-8795

Source:
Houston Association of REALTORS
MLS#: 37913732
Houston Association of REALTORS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$833
Cap Rate
4.7%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Purchase Details

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Purchase price:
$649,000
Amount financed:
-$519,200
Down payment:
$129,800
Closing costs:
$19,470
Rehab costs:
$0
Initial cash invested:
$149,270
Square feet:
3,381
Cost per square foot:
$192
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$519,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,399
Property tax:
$0
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,672

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (3%)
3%-$125-$1,500
Total operating expenses: (28%)
28%-$1,100-$13,200

Cash Flow


Monthly Yearly
Net operating income:
$2,566 $30,792
Mortgage payments:
-$3,399 -$40,788
Cash flow:
$833 $9,996