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$475,000

For Sale - Active
26414 Creston Woods Dr, Katy, TX 77494
4 Beds
0 Baths
2,941 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: May 24, 2025 at 03:34AM

Investment Summary


Monthly Cash Flow
-$1,206
Cap Rate
3.2%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.8%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Perfect location for everything—just a block away from the park and community swimming! Zoned to exemplary Katy I.S.D. schools, including the highly sought-after Jordan High School. Enjoy easy commuting with convenient access to the Westpark Tollway, plus shopping and dining just minutes away. Katy is home to some of the fastest-growing communities in the Houston area, making this an ideal place to live and invest. This beautiful home features a recently replaced roof and upgraded flooring with no carpet throughout, offering a fresh, modern feel and easy maintenance. The floor plan is perfect for the whole family, providing both space and comfort. Be sure to check out the video walk-through and schedule your private showing today!

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GarageDoorOpener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $881/annually

Land Information

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

Lot Information

  • Parcel ID: 9305020010060914
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2006

Tax Information

  • Annual Tax: $9,418

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Central Air, Zoned

Location

  • County: Fort Bend

Listing Details


Listed by:
Wai Wing Lung
SKW Realty
(346) 624-7035

Source:
Houston Association of REALTORS
MLS#: 30455981
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,206
Cap Rate
3.2%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
2,941
Cost per square foot:
$162
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,487
Property tax:
$785
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,489

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$785-$9,418
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (2%)
2%-$73-$876
Total operating expenses: (53%)
53%-$1,633-$19,594

Cash Flow


Monthly Yearly
Net operating income:
$1,281 $15,372
Mortgage payments:
-$2,487 -$29,844
Cash flow:
$1,206 $14,472