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Owner Contacts

$317,000

11622 Knobcrest Dr, Houston, TX, 77070

$355,180 ARV

Off Market

4 Beds

3 Bath

2,760 Sq Ft

Single Family Residence

$115.91 / sqft

Built in 1976

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Lot Size8,925 sqft

Building Information

Year Built1976

Stories2

Garage Spaces2

Land Information

APN1054830000006

Lot Number6

SubdivisionLakewood Forest

Land UseResidential

Legal DescriptionLT 6 BLK 7 LAKEWOOD FOREST SEC 1

Census Tract554301

Assessed Land Value$79,656

Assessed Improvement Value$219,759

Assessment Year2025

About this property

FHA ELIGIBLE UNTIL AFTER 01/17/25. This 2-story in Lakewood Forest has been recently updated with fresh interior and exterior paint, fresh cabinet paint, a New electric panel, New flooring, New quartz countertops, New light fixtures, and more! The elevation gives a french quarter vibe which is enhanced by a balcony across the front. The first floor boasts a formal living and dining room, a family roof with a hidden room that makes a great small office, the kitchen with an oversized breakfast bar, a large utility room and half bath. Upstairs you will find a spacious primary bedroom with a private bathroom and walk-in closet. Also up are three secondary bedrooms, all with walk-in closets, and a full bathroom with an oversized tiled shower that was updated by previous owners. The backyard is partially shaded by large trees. Lakewood Forest is conveniently located close to Champions, Vintage Park and major freeways.

Investor Tools

$317,000

Estimated Property Value

$298,300Estimated Mortgage Balance

$25,751Estimated Equity

6% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$355,180

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,919 /month

Positive

Cash Flow Estimate:

$640 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$315/month

$690/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,198

$299,415

2025

$79,656

$219,759

$299,415

Tax History

Year

Tax Paid

Assessed Value

2024

$2,198

$299,415

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Swbc Mortgage Corp

Conventional

$298,300

First

Jan 10, 2025

Feb 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$291,249

$18,751

92%

$1,789/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,740/mo

$2,479/mo

+$261/mo

10.4%

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