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$459,990

11407 Iberia Drive, Houston, TX, 77065

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,194 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.66 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Range, Dishwasher, Cooktop
FlooringBrick, Laminate, Wood

Exterior

Lot Size26,101 sqft

Building Information

Year Built1961
Stories1
Garage Spaces1

Land Information

APN0833410000241
Lot Number241
SubdivisionTower Oaks
Land UseResidential
Legal DescriptionN 100 FT LT 241 BLK N TOWER OAKS
Census Tract552402
Assessed Land Value$171,930
Assessed Improvement Value$197,386
Assessment Year2025

About this property

Welcome to this well-maintained two-bedroom, 1.5-bath home offering over 2,000 sq ft of comfortable living space in the desirable 77065 area. Conveniently located near shopping, dining, and major highways, this property provides both accessibility and privacy. Inside, you’ll find an open, functional floor plan filled with natural light, a spacious living area, and a well-equipped kitchen ready for your personal touches. Both bedrooms are generously sized, offering flexibility for everyday living or entertaining. Step outside to a massive 26,000+ sq ft lot with endless possibilities—perfect for outdoor living, gardening, or future expansion. The property also includes a large, tall garage ideal for an RV, boat, workshop, or additional storage. This is a rare opportunity to own a property with exceptional space and potential in a well-located neighborhood.

Investor Tools

Property Icon
$470,000
Estimated Property Value
$0Estimated Mortgage Balance
$80,132Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month

Interested in this property?

Aida Villalobos

Keller Williams Realty Metropolitan

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$423/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,729
$369,316
2025
$171,930
$197,386
$369,316
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,729
$369,316

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$403,750
No
First
Jul 25, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,868
$80,132
17%
83%
$2,421/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$2,421/mo
$-951/mo
3.8%

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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