3016 Iron Woods Dr · Katy, TX
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.2%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 9/10 · Severe
- Hot days now (above 110°F)
- 7 days/yr
- Hot days in 30 yrs
- 22 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +15.4/30.0
- ARV discount +10.8/15.0
- 1% rule +6.0/10.0
- DSCR +4.7/10.0
- Livability +3.8/5.0
- Rent growth +2.3/5.0
- Condition / age +2.2/5.0
- Schools +2.0/10.0
- Appreciation +0.0/10.0
$289,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
Key facts
- Private backyard
- Low-maintenance turf
- Modern kitchen
Tags
Property features AI
Finance
- HOA & community: Freeman Ranch HOA with an annual fee of $400
Exterior
- Parking: Attached garage with garage door opener; 2-car garage
- Utilities: Public water; Public sewer
- Home design: Residential property; Built in 2020; Slab foundation; Brick and vinyl siding exterior; Composition roof
- Construction: Built in 2020; Brick and vinyl siding construction; Composition roof; Slab foundation
- Exterior features: Deck; Fence (back yard); Hot tub/spa (exterior spa/Hot Tub listed); Porch; Patio; Outdoor storage / shed(s)
Interior
- Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Pantry; Breakfast bar
- Bedrooms: Primary bedroom on the first floor (20 x 18); Four additional bedrooms on the second floor (approx. 15 x 14, 14 x 13, 14 x 13, 13 x 12)
- Flooring: Carpet; Laminate
- Bathrooms: Two full bathrooms; One half bathroom
- Heating & cooling: Central heating (electric); Central air conditioning (electric)
- Interior features: Breakfast bar; High ceilings; Hot tub/spa (interior access noted); Primary bedroom with attached bath; Pantry; Soaking tub; Separate shower; Tub/shower combination; Ceiling fans
- Laundry & utility: Washer hookup; Electric dryer hookup
Neighborhood map
What this means for you Summary
Snapshot
- This is a 5-bed/2.5-bath single-family listed at $289k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $110 ($1k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $289k).
- Recommended offer: $280k (3.0% below list) — sets the bar for market timing.
- Cap rate 6.8% vs local median 3.0% in Katy — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 76/100 on livability (#111 in TX, #3,613 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: crime C-, amenities D, commute F.
- Royal ISD (rural): math 23% / reading 23% proficiency, ranked #744 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Royal H S (math 17% / reading 26%, grade F, #1,377 of 1,632 statewide, top 85%, 842 students, 71% FRL).
- Market conditions: Rents soft (-0.8%/yr); 2696 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 483 units permitted in Waller County in 2024 (89 in 5+ unit buildings).
- This rent runs 32% of the median local income ($118k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
- Waller County population projected at +62% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 35 days — a 3% lower offer ($280k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: property tax is 3.1% of price.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.10% ✓
- Cap rate
- 6.75%
- Cash-on-cash
- 1.64%
- DSCR
- 1.07
- GRM
- 7.5
CMA / ARV
- ARV (median comp)
- $312,031
- List price
- $289,000
- Delta
- -7.38%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 405 Elaine Valley Dr | 0.40mi | 5/2.5 | 2,586 (0%) | 1mo | $280,000 | $108 | 81 |
| 1018 Texas Timbers Dr | 0.43mi | 5/2.5 | 2,586 (0%) | 1mo | $329,900 | $128 | 79 |
| 217 Elm Patch Dr | 0.34mi | 5/2.5 | 2,663 (+3%) | 1mo | $300,000 | $113 | 78 |
| 1017 Misty Patch Dr | 0.32mi | 5/2.5 | 2,586 (0%) | 10mo | $270,000 | $104 | 77 |
| 5707 Blue Grama Dr | 0.41mi | 5/3.0 | 2,439 (-6%) | 21mo | $358,990 | $147 | 52 |
| 5734 Quest Valley Dr | 0.41mi | 5/3.0 | 2,439 (-6%) | 22mo | $359,990 | $148 | 51 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -17.7%
- Equity multiple
- 0.40×
- Total profit
- $-48,852
- Equity at exit
- $43,091
- IRR
- -18.8%
- Equity multiple
- 0.15×
- Total profit
- $-68,405
- Equity at exit
- $24,987
Cash invested: $80,920 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 77493
- Rents YoY
- -0.8%
- Active inventory
- 2696
- Price-to-rent
- 7.5×
Monthly cashflow live
- Estimated rent
- $3,191 high interval (Pro) →
- Mortgage (P&I)
- −$1,516
- Tax from tax record
- −$742 /mo · $8,901/yr
- Insurance
- −$120
- HOA
- −$33
- Vacancy / Maint / Mgmt
- −$670
- Net cashflow
- $110
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $72,250
- Closing costs
- $8,670
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 16 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3020 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,355 | $1.33 | 12d | 1 | 1.11mi |
| 3104 Nori Shores Dr Katy, TX | 5.0 | 2.5 | 1947 | $3,695 | $1.90 | 3d | 1 | 1.14mi |
| 3053 Fantasy Terrace Dr Katy, TX | 4.0 | 2.0 | 2085 | $2,440 | $1.17 | 15d | 1 | 1.16mi |
| 3112 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,330 | $1.31 | 24d | 1 | 1.18mi |
| 3041 Colusa Ridge Dr Katy, TX | 4.0 | 2.5 | 2263 | $2,500 | $1.10 | 12d | 1 | 1.19mi |
| 3124 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,330 | $1.31 | 24d | 1 | 1.20mi |
| 3072 Fantasy Terrace Dr Katy, TX | 4.0 | 2.0 | 2279 | $2,550 | $1.12 | 21d | 1 | 1.20mi |
| 3136 Wild Dunes Dr Katy, TX | 4.0 | 2.0 | 1776 | $2,355 | $1.33 | 12d | 1 | 1.22mi |
| 3084 Fantasy Terrace Dr Katy, TX | 4.0 | 2.0 | 2085 | $2,325 | $1.12 | 12d | 1 | 1.22mi |
| 3060 Nori Shores Dr Katy, TX | 6.0 | 2.5 | 2408 | $3,995 | $1.66 | 24d | 1 | 1.27mi |
| 3076 Dylan Skyland Dr Katy, TX | 4.0 | 2.5 | 2240 | $3,395 | $1.52 | 24d | 1 | 1.28mi |
| 3025 Nori Shores Dr Katy, TX | 6.0 | 2.5 | 2480 | $3,798 | $1.53 | 4d | 1 | 1.30mi |
| 3020 Nori Shores Dr Katy, TX | 5.0 | 2.5 | 2408 | $3,995 | $1.66 | 24d | 1 | 1.32mi |
| 3013 Pearl Coastline Ln Katy, TX | 6.0 | 2.5 | 2480 | $3,995 | $1.61 | 24d | 1 | 1.37mi |
| 3004 Fall Gold Ln Katy, TX | 5.0 | 3.0 | 2156 | $2,762 | $1.28 | 10d | 1 | 1.42mi |
| 3004 Fall Gold Ln Katy, TX | 5.0 | 3.0 | 2156 | $3,850 | $1.79 | 43d | 1 | 1.42mi |
HOA detail
- Monthly dues
- $33 · $396/yr
- Likely covers
- landscaping
Listing history 29 events
-
2026-06-18days on market $289,000 Active 35 DOM
-
2026-06-17days on market $289,000 Active 34 DOM
-
2026-06-16days on market $289,000 Active 33 DOM
-
2026-06-15days on market $289,000 Active 32 DOM
-
2026-06-13days on market $289,000 Active 30 DOM
-
2026-06-10days on market $289,000 Active 26 DOM
-
2026-06-08days on market $289,000 Active 25 DOM
-
2026-06-07days on market $289,000 Active 24 DOM
-
2026-06-04days on market $289,000 Active 21 DOM
-
2026-06-03days on market $289,000 Active 20 DOM
-
2026-06-02days on market $289,000 Active 19 DOM
-
2026-06-01days on market $289,000 Active 18 DOM
-
2026-05-31days on market $289,000 Active 17 DOM
-
2026-05-14$289,000 Active 496-char remark
-
2020-12-16soldstatus Sold 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-11-09status Pending 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-11-02status Active 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-10-26status Pending 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-10-15price $253,900 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-10-13price $251,900 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-10-08price $253,900 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-10-05status Active 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-08-31status Pending 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-08-26price $244,900 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-08-24status Active 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-08-17status Pending 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-08-07price $243,900 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-07-31price $241,900 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
-
2020-07-23$238,900 Active 490-char remark
Show marketing remark (490 chars)
Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast TX · Resets to sale price
- Current annual tax
- $8,901 · $742/mo
- Projected year-2 tax
- $8,901 · $742/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
- Wildfire 4/10 Moderate
- Heat 9/10 Extreme 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
- Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $38,295
- − Mortgage interest
- −$16,188
- − Property taxes
- −$8,901
- − Insurance
- −$1,445
- − Repairs & maintenance
- −$3,064
- − Management
- −$3,064
- − HOA
- −$396
- − Depreciation
- −$8,407
- Taxable loss
- −$3,170
- Est. tax savings @ 24.0%
- +$761
- After-tax cash flow
- $2,085/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 1 photo
This home requires moderate renovations, focusing on updating the kitchen cabinetry and exterior paint, to significantly enhance its resale and rental value.
Repairs flagged
- Major Kitchen cabinetry — The cabinetry appears dated and does not match the modern kitchen appliances.
- Minor Exterior paint — Some wear is visible on the brick exterior, which could be addressed with a fresh coat of paint.
Value-add opportunities
- Both Modernize kitchen cabinetry — Updating the cabinetry would improve the kitchen's appearance and functionality, enhancing both resale and rental value.
- Both Landscaping improvements — Enhancing the landscaping would improve curb appeal and potentially increase the home's value.
- Both Paint exterior — A fresh coat of paint would improve the home's appearance and potentially increase its value.
- Both Replace HVAC system — An updated HVAC system would improve comfort and energy efficiency, enhancing both resale and rental value.
Renovation cost estimate screening
| Repair item | Severity | Est. cost |
|---|---|---|
| Kitchen cabinetry · The cabinetry appears dated and does not match the modern kitchen appliances. | Major | $15,000–50,000 |
| Exterior paint · Some wear is visible on the brick exterior, which could be addressed with a fresh coat of paint. | Minor | $500–3,000 |
| Total estimated repair cost · 2 items | $15,500–53,000 |
Value-add ROI direction
- Both Modernize kitchen cabinetry — Updating the cabinetry would improve the kitchen's appearance and functionality, enhancing both resale and rental value. ↑
- Both Landscaping improvements — Enhancing the landscaping would improve curb appeal and potentially increase the home's value. ↑
- Both Paint exterior — A fresh coat of paint would improve the home's appearance and potentially increase its value. ↑
- Both Replace HVAC system — An updated HVAC system would improve comfort and energy efficiency, enhancing both resale and rental value. ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
Schools (NCES district)
- District
- Royal ISD
- NCES district ID
- 4838190
- Math proficiency
- 23% ▼ -11.00%
- Reading proficiency
- 23% ▼ -6.00%
- Median HH income
- $41,059
- Composite
- 19.55/100
- National rank
- #8760
- State rank
- #744 of 826 in TX
Livability — Katy
- Score
- 76/100
- State rank
- #111
- US rank
- #3613
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Harris County · 4,702,590 people
- City population
- 413,575
- Metro
- Houston-The Woodlands-Sugar Land, TX
- Population (ZIP)
- 71,484
- Household income
- $118,464
- Rent vs Own
- Severe rent burden
- 913.0
Population outlook (Waller County) Hauer SSP2
- Today (2025)
- 60,772 people
- By 2030
- 67,616 · +11.3%
- By 2040
- 82,283 · +35.4%
- By 2050
- 98,276 · +61.7%
- By 2075
- 142,860 · +135.1%
- By 2100
- 175,596 · +188.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Highly diverse neighborhood (Simpson 0.73)
- Race & ethnicity
- White 36% Hispanic / Latino 33% Two or more races 16% Black 15% Asian 12%
- Hispanic origin (detail)
- Mexican 20%
- Common ancestry
- Lithuanian 2% Slovak 1% Italian 1%
- Foreign-born
- 21% · Canada, Vietnam, Jamaica
- Languages at home
- 64% English-only · Spanish 22% Vietnamese 5% French/Haitian/Cajun 4%
Political lean MEDSL · Waller
- 2024 margin
- Strong R (+25.0) · D 37.0% · R 62.0% · Other 1.0%
- 2008→2024 swing
- -17.9pp toward R · 2008: -7.2pp · 2024: -25.0pp
- All cycles
- 2024: R+25.0 2020: R+26.7 2016: R+28.6 2012: R+17.6 2008: R+7.2
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -140.65%
- Current HPI
- 233.1683
- Rent YoY
- ▼ -0.80%
- Metro
- Houston-The Woodlands-Sugar Land, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
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| Technology | 5 | $198B |
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| Engineering / Construction | 4 | $72B |
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| Energy Services | 3 | $60B |
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| Utilities | 3 | $41B |
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| Healthcare | 2 | $330B |
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Price history
+21.0% since first listed16 events — show timeline
- 2026-05-14 Listed $289,000 HARMLS
- 2020-12-16 Sold (MLS) — HARMLS
- 2020-11-09 Pending — HARMLS
- 2020-11-02 Relisted — HARMLS
- 2020-10-26 Pending — HARMLS
- 2020-10-15 Price Changed $253,900 HARMLS
- 2020-10-13 Price Changed $251,900 HARMLS
- 2020-10-08 Price Changed $253,900 HARMLS
- 2020-10-05 Relisted — HARMLS
- 2020-08-31 Pending — HARMLS
- 2020-08-26 Price Changed $244,900 HARMLS
- 2020-08-24 Relisted — HARMLS
- 2020-08-17 Pending — HARMLS
- 2020-08-07 Price Changed $243,900 HARMLS
- 2020-07-31 Price Changed $241,900 HARMLS
- 2020-07-23 Listed $238,900 HARMLS
Property tax history
+77.0%/yrLatest (2025): $8,901 · -7.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…