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$250,000

1014 Masters Way, Houston, TX, 77339

$325,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,994 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.38 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Double Oven, Electric Oven, Electric Cooktop, Dishwasher
FlooringCarpet, Tile, Travertine

Exterior

Exterior FeaturesSprinkler System
Lot Size20,800 sqft

Building Information

Year Built1968
Stories1
Garage Spaces2

Land Information

APN0990560000008
Lot Number8
SubdivisionForest Cove Country Club
Land UseResidential
Legal DescriptionLT 8 BLK 47 FOREST COVE COUNTRY CLUB ESTATES SEC 4
Census Tract251100
Assessed Land Value$58,080
Assessed Improvement Value$217,627
Assessment Year2025

About this property

Located on a beautiful corner lot in the established Forest Cove Country Estates neighborhood, this brick home welcomes you with a covered, ranch-style front porch. The spacious floor plan includes a family room with a corner wood-burning fireplace and a formal living and dining room combination. The kitchen offers abundant cabinet space, Bosch double ovens, and a JennAir downdraft cooktop with griddle. A side-entry garage and fenced backyard provide added convenience, privacy, and curb appeal. Ready for personal touches and updates, this property offers a wonderful opportunity to create a home that reflects your style. Bring your vision and make it your own!

Investor Tools

$0Estimated Mortgage Balance
$284,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$325,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

Interested in this property?

Donna Story

Keller Williams Advantage Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$123/month
$205/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$53
$275,707
2025
$58,080
$217,627
$275,707
No

Tax History

Year
Tax Paid
Assessed Value
2024
$53
$275,707

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$284,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,070/mo
$205/mo
+$1,865/mo
8.7%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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