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$135,000

10855 Meadowglen Lane 721, Houston, TX, 77042

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths889 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$151.86 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Tile, Vinyl Plank

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1981
Stories1

Land Information

APN1150340020013
SubdivisionRiverstone 2 Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 721 BLDG B RIVERSTONE 2 CONDO PH 1
Census Tract452203
Assessed Land Value$21,618
Assessed Improvement Value$92,161
Assessment Year2025

About this property

Investor Special! Turnkey investment opportunity in the heart of Westchase! This spacious 2-bedroom, 2-bath corner unit is tenant-occupied with a lease already in place, offering immediate cash flow. The open layout features high ceilings, abundant natural light, and updated flooring in the living area. Enjoy two private balconies for added outdoor space. The kitchen includes all appliances, including a washer and dryer. Recent HVAC updates add peace of mind for investors. Located in a gated community with a beautiful pool and well-maintained landscaping. Includes one reserved covered parking space plus ample guest parking. Low-maintenance, income-producing property in a highly desirable location!

Investor Tools

$81,506Estimated Mortgage Balance
$52,494Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

Interested in this property?

Michael Flint

FIG Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$172/month
$395/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,393
$113,779
2025
$21,618
$92,161
$113,779
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,393
$113,779

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$86,250
No
First
Jun 12, 2023
Jul 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,506
$52,494
39%
61%
$518/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,880/mo
$913/mo
+$967/mo
16.8%

City: Houston

10855 Meadowglen Lane 721 | Property Details | No Agent List