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$368,000

NAL Estimated Property Value

117 Riley Ln, Houston, TX, 77003

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,800 Sq Ft
price_per_sqft$221.67 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringWood

Exterior

Lot Size1,673 sqft

Building Information

Year Built2007
Garage Spaces2

Land Information

APN1285510030011
Lot Number11
SubdivisionWaterhill Homes On Commerce Street
Land UseResidential
Legal DescriptionLT 11 BLK 3 WATERHILL HOMES ON COMMERCE STREET
Census Tract310101
Assessed Land Value$71,380
Assessed Improvement Value$246,075
Assessment Year2025

About this property

Free standing with a PRIVATE YARD in a gated community close to downtown & offers quick access to all major freeways. Tons of shopping & entertainment nearby! Outside, the home offers an additional parking space, 2020 roof, & AC unit. The garage offers built-in storage, bicycle hooks, a wall peg board for tool storage, and built-in metal shelving. Inside features an open-concept layout boasting ample natural light, TONS of storage, wood flooring, and so much more! Enter through the beautifully landscaped gated courtyard space to the entry floor offers a large room & a full bath perfect for guests or office. The main floor features a vast living space w/ a half bath, & an eat-in kitchen boasting granite counters, SS gas appliances, tile backsplash, & a pantry. Head up to the third floor and find the utility closet, a secondary bedroom w/ an en-suite bath, & a spacious primary bedroom w/ tray ceilings, & an en-suite bath w/ double sinks, soaking tub, separate shower, & a walk-in closet.

Investor Tools

Property Icon
$368,000
Estimated Property Value
$349,424Estimated Mortgage Balance
$18,576Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$767/month
$142/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,369
$317,455
2025
$71,380
$246,075
$317,455
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,369
$317,455

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bay Equity Llc
Conventional
$371,688
No
First
Feb 24, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$349,424
N/A
0%
95%
$2,229/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$2,371/mo
$-281/mo
6.8%

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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117 Riley Ln | Property Details | No Agent List