1view

Owner Contacts

$239,000

11947 Paddock Way, Houston, TX, 77065

Pending

3 Beds

2 Bath

1,521 Sq Ft

Single Family Residence

$157.13 / sqft

Built in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer

FlooringTile, Vinyl

Exterior

Lot Size6,599 sqft

Building Information

Year Built1983

Stories1

Garage Spaces2

Land Information

APN1148310040012

Lot Number12

SubdivisionSteeplechase

Land UseResidential

Legal DescriptionLT 12 BLK 4 STEEPLECHASE SEC 2 R/P

Census Tract552003

Assessed Land Value$64,842

Assessed Improvement Value$174,722

Assessment Year2025

About this property

Welcome to 11947 Paddock Way! Nestled in the desirable Steeplechase community, this well-maintained home offers 3 bedrooms and 2 full bathrooms with a functional, inviting layout. At the heart of the home is a spacious family room, perfect for relaxing or gathering with loved ones. The updated kitchen and dining area provide an ideal space for everyday meals and entertaining. Fresh paint and new flooring throughout give the home a clean, modern feel and make it truly move-in ready. Located within the highly acclaimed Cypress-Fairbanks ISD, this property combines comfort, convenience, and excellent schools. Step outside to a generous backyard that offers plenty of space for entertaining, outdoor activities, and creating lasting memories with family and friends. Don't miss the opportunity to make this charming home your own!

Investor Tools

$73,908Estimated Mortgage Balance

$193,092Estimated Equity

72% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,602 /month

Positive

Cash Flow Estimate:

$534 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$228/month

$685/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,398

$239,564

2025

$64,842

$174,722

$239,564

Tax History

Year

Tax Paid

Assessed Value

2024

$1,398

$239,564

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Ditech Financial Llc

Conventional

$91,600

First

Apr 6, 2017

May 2032

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$73,908

$193,092

72%

28%

$550/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,940/mo

$1,235/mo

+$705/mo

8.7%

Learn About the Market: Opportunity in Houston

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 This Area