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Owner Contacts

$229,000

NAL Estimated Property Value

11851 Ryewater Dr, Houston, TX, 77089

Off Market

3 Beds

2 Bath

1,264 Sq Ft

$197.71 / sqft

Built in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher

FlooringLaminate

Exterior

Lot Size8,124 sqft

Building Information

Year Built1973

Stories1

Garage Spaces2

Land Information

APN1041710000025

Lot Number25

SubdivisionScarsdale

Land UseResidential

Legal DescriptionLT 25 BLK 9 SCARSDALE SEC 2

Census Tract350500

Assessed Land Value$44,850

Assessed Improvement Value$182,854

Assessment Year2025

About this property

This charming 1-story traditional all-brick home at 11851 Ryewater Drive in Houston, TX, offers a cozy haven with 3 bedrooms and 2 full bathrooms. The interior boasts modern updates, including laminate flooring, designer paint, new baseboards, doors, and light switches. The master bathroom and secondary bathroom have undergone full remodels, showcasing a walk-in closet in the master suite and a luxurious shower in the secondary bathroom. The kitchen features upgraded cabinets with soft-closing drawers and doors, along with new appliances. The home is complete with a 2-car attached garage and updated back patio double doors. Situated conveniently near Interstate 45 South and Sam Houston Parkway with Hobby Airport within easy reach, this gem also features a recently landscaped yard with fresh grass, completing this inviting retreat.

Investor Tools

$229,000

Estimated Property Value

$253,091Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,499 /month

Positive

Cash Flow Estimate:

$500 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$314/month

$200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,624

$227,704

2025

$44,850

$182,854

$227,704

Tax History

Year

Tax Paid

Assessed Value

2024

$2,624

$227,704

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Navy Fcu

$262,525

Yes

First

May 17, 2024

Jun 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$253,091

N/A

111%

$1,574/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,790/mo

$1,774/mo

+$16/mo

9.4%

Learn About the Market: Opportunity in Houston

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