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$275,000

1127 Dewberry Downs Ln, Houston, TX, 77090

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,489 Sq Ft
price_per_sqft$184.69 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Dryer Included, Refrigerator Included, Washer Included, Gas Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Vinyl

Exterior

Lot Size4,774 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN1440330020003
Lot Number3
Land UseResidential Single Family
Legal DescriptionLT 3 BLK 2 LEGACY PARK ON NANES ROAD SEC 1
Census Tract550304
Assessed Land Value$41,556
Assessed Improvement Value$169,715
Assessment Year2025

About this property

**TURN KEY | CASH FLOW SINCE DAY 1 | TENANT OCCUPIED!** Reliable tenant in place who PAYS ON TIME, takes excellent care of the home, and is willing to extend the lease, making this a turnkey investment. Charming one-story home in Legacy Park, conveniently located just off FM 1960/Cypress Creek Parkway with easy access to I-45, Hardy Toll Rd, Beltway 8, and major employers. The open-concept layout features a spacious living area, dining room, and island kitchen. The private primary suite offers a large walk-in shower and an enormous walk-in closet. Generously sized secondary bedrooms, indoor utility room, covered patio, and sprinkler system add to the home's appeal. Conveniently located near shopping, restaurants, and everyday amenities. A great INVESTMENT OPPORTUNITY for investors seeking immediate rental income and long-term appreciation!

Investor Tools

$174,818Estimated Mortgage Balance
$95,182Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

Interested in this property?

May Pham

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$370/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$211,271
2025
$41,556
$169,715
$211,271
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$211,271

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$179,893
No
First
Nov 8, 2024
Dec 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,818
$95,182
35%
65%
$1,079/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$1,679/mo
+$111/mo
8.0%

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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1127 Dewberry Downs Ln | Property Details | No Agent List