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$188,000

11820 Southlake Drive 2, Houston, TX, 77077

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,716 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$110.72 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Washer/Dryer, Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesPlayground, Courtyard
Lot Size1,694 sqft

Building Information

Year Built1975
Stories2
Garage Spaces1

Land Information

APN1052840010020
SubdivisionSouthlake T/H Ph 1
Land UseResidential
Legal DescriptionUNIT F2 BLDG 5 .023809 INT COMMON LAND & ELE SOUTHLAKE T/H PH 1
Census Tract451301
Assessed Land Value$30,152
Assessed Improvement Value$140,830
Assessment Year2025

About this property

Here's your chance to own a great home at a great price and located in the energy corridor district! This lovely 3 bedroom, 2-1/2 bathroom home features recent paint inside and out, luxurious wood flooring, a wonderful kitchen with GRANITE countertops, VERY RECENT carpet in bedrooms and on the stairs, lovely CUSTOM ACCENT WALLS, LAUNDRY ROOM is located near the kitchen, and even a wood burning FIREPLACE to cozy up to when it's chilly outside. Outside, you'll love the shared courtyard in the front with quaint bridges and lush landscaping that is maintained by the HOA-no need to mow! Out back you will find two large COVERED PARKING areas and a patio to entertain or just relax at the end of the day. Also a locking storage area in the back patio area. With convenience to great shopping, restaurants and highway access there is so much to love about this home. You do not want to miss out, set your appointment today and start enjoying the best that Houston offers!

Investor Tools

Property Icon
$188,000
Estimated Property Value
$0Estimated Mortgage Balance
$8,429Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$267/month
$371/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,267
$170,982
2025
$30,152
$140,830
$170,982
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,267
$170,982

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Fha
$183,350
Yes
First
Mar 27, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,571
$8,429
4%
96%
$1,100/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,471/mo
+$759/mo
14.2%

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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11820 Southlake Drive 2 | Property Details | No Agent List