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Owner Contacts

$600,000

NAL Estimated Property Value

10023 Moorberry Ln, Houston, TX, 77080

Off Market

4 Beds

3 Bath

2,296 Sq Ft

$206.88 / sqft

Built in 1968

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size10,028 sqft

Building Information

Year Built1968

Stories2

Garage Spaces2

Land Information

APN0985020000068

Lot Number68

SubdivisionSpringwood Forest

Land UseResidential

Legal DescriptionLT 68 BLK 4 SPRINGWOOD FOREST

Census Tract522201

Assessed Land Value$232,375

Assessed Improvement Value$335,625

Assessment Year2025

About this property

Stunning REMODEL offering unparalled craftmanship! This spectacular 2-story home located on a large corner lot in Springwood Forest is complete with a new roof, A/C, wood floors, carpet, electrical, siding, windows, paint, fixtures and so much more. The home offers an easy flow floor plan between the kitchen, dining and family room making it an entertainers dream. Show off your cooking skills in the "Open" kitchen offering quartz counters, modern open shelves, farm sink, and beautiful cabinets. 1st floor primary bedroom boasts sliding barn door closet entry, gorgeous bathroom with glass door stand up shower & soaking tub. Spacious front & pool-ready back yard with detached garage. BONUS: 2 Laundry Rooms (downstairs & upstairs). Conveniently located to many hospitals, dining, entertainment, & shopping venues. NO HOA or MUD taxes! Zoned to Spring Branch ISD! A MUST SEE!

Investor Tools

$600,000

Estimated Property Value

$321,134Estimated Mortgage Balance

$278,866Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,600 /month

Positive

Cash Flow Estimate:

$1,200 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$633/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,593

$568,000

2025

$232,375

$335,625

$568,000

Tax History

Year

Tax Paid

Assessed Value

2024

$4,593

$568,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Envoy Mortgage Ltd

Conventional

$360,000

First

Oct 9, 2020

Nov 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$321,134

$270,866

45%

54%

$2,159/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$2,159/mo

+$67/mo

4.5%

Learn About the Market: Opportunity in Houston

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