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$171,000

11311 Raincove Dr, Houston, TX, 77016

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,204 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.58 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size6,599 sqft

Building Information

Year Built1960
Stories1
Garage Spaces1

Land Information

APN0914010000007
Lot Number7
SubdivisionNorthwood Manor
Land UseResidential
Legal DescriptionLT 7 BLK 16 NORTHWOOD MANOR SEC 2
Census Tract231900
Assessed Land Value$47,850
Assessed Improvement Value$72,694
Assessment Year2025

About this property

This beautifully updated 3-bedroom, 1-bathroom at Northwood Manor is everything you need and more. Upon entering the open floor plan seamlessly connects to the living room, dining and you'll be greeted by a modernized kitchen with new granite countertops, featuring stainless steel appliances and sleek finishes. The home also comes with a brand-new roof, new HVAC, new water heater, offering long-term durability and peace of mind for any new home owner. With fresh paint both inside and out, it radiates a crisp and welcoming feel. This house comes with a large den which, whether as an office, guest room, or private retreat, is suitable for almost any living situation. The lot is large and comfortable. Enjoy convenient living, with 59 just mere minutes away, along with major retail just mere minutes away. Don’t miss the chance to own this stunning, move-in-ready home!!

Investor Tools

Property Icon
$171,000
Estimated Property Value
$179,193Estimated Mortgage Balance
$0Estimated Equity
-5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,095 /month
Positive
Cash Flow Estimate:
$365 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$123/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$625
$120,544
2025
$47,850
$72,694
$120,544
No

Tax History

Year
Tax Paid
Assessed Value
2024
$625
$120,544

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$179,193
Yes
First
Oct 3, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,368
N/A
0%
104%
$1,075/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,075/mo
+$647/mo
12.1%

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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11311 Raincove Dr | Property Details | No Agent List