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$429,900

For Sale - Active
6438 Burgess Heights Ln, Katy, TX 77494
3 Beds
0 Baths
2,242 Square Feet
0.00 Acres Lot
Built in 2012
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 19, 2025 at 03:04AM

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
-$340
Cap Rate
4.7%
Cash-on-Cash Return
-4.1%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
0.0%

Property Description


0.00 Acres Lot
Built in 2012
For Sale - Active
Units n/a

Beautiful 1 1/2 Story Home located in the Master Planned Community of Cinco Ranch Southwest. ay. The spacious kitchen offers generous counter space along with a convenient breakfast bar. The master suite is perfect for retiring at the end of a long day. The large his and her closets and well-designed master bath includes a standing shower and soaking tub. Upstairs, lofted large game room as well as a half bathroom. This house is beautifully decorated with shutter blinds. It is simply a joy to sit on your covered back patio in your huge back yard and have a cold drink with good friends under the big blue sky. This wonderful home is just waiting for you and your family. Zoned to Award Winning Katy ISD Schools! Front Porch with Stone Elevation. Easy access to Westpark Tollway & 99 Grand Parkway

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $1,200/annually

Land Information

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

Lot Information

  • Parcel ID: 2278530010170914
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2012

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Fort Bend

Listing Details


Listed by:
Jackson Mathew
Land & Luxe Realty
(832) 768-7510

Source:
Houston Association of REALTORS
MLS#: 10198104
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
-$340
Cap Rate
4.7%
Cash-on-Cash Return
-4.1%
Debt Coverage Ratio
0.83
Internal Rate of Return (5 years)
0.0%

Purchase Details

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Purchase price:
$429,900
Amount financed:
-$343,920
Down payment:
$85,980
Closing costs:
$12,897
Rehab costs:
$0
Initial cash invested:
$98,877
Square feet:
2,242
Cost per square foot:
$192
Monthly rent per square foot:
$1.16

Financing Details

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Loan amount:
$343,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,034
Property tax:
$0
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,216

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (4%)
4%-$100-$1,200
Total operating expenses: (29%)
29%-$750-$9,000

Cash Flow


Monthly Yearly
Net operating income:
$1,694 $20,328
Mortgage payments:
-$2,034 -$24,408
Cash flow:
$340 $4,080