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$440,000

NAL Estimated Property Value

1118 Ridgecrossing Lane, Houston, TX, 77077

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,108 Sq Ft
price_per_sqft$199.19 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size4,752 sqft

Building Information

Year Built2001
Garage Spaces2

Land Information

APN1209840020007
Lot Number7
SubdivisionParkway Village
Land UseResidential
Legal DescriptionLT 7 BLK 2 PARKWAY VILLAGE SEC 11
Census Tract451604
Assessed Land Value$172,000
Assessed Improvement Value$253,000
Assessment Year2025

About this property

Showings begin Open house 3/3/24 . Beautiful brick and stone 1 story home in gated community. The only 1 story home in the gated community of Madera Vista. High ceilings and walls of double paned windows make this home light and bright. Wood flooring in entry hall with art niches spill out to the formal dining area. Crown molding graces the main living area, & dining room. This split floorpan affords plenty of space for guests, home office. Primary bedroom affords 2 closets, sitting area, wall of windows looking onto the backyard and private park. Primary bath has separate shower, jetted tub, dual sinks, walk in closet. Kitchen with breakfast bar is open to breakfast area with window seat, main living area. Gas cook top. Walk in pantry. Utility room is off the kitchen. Backs to private park.

Investor Tools

Property Icon
$440,000
Estimated Property Value
$216,211Estimated Mortgage Balance
$223,789Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$888/month
$2,800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,457
$425,000
2025
$172,000
$253,000
$425,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,457
$425,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$225,000
No
First
Mar 29, 2024
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,211
$223,789
50%
49%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$4,149/mo
$-1,919/mo
6.1%

Learn About the Market: Opportunity in Houston

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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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1118 Ridgecrossing Lane | Property Details | No Agent List