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80Days on Market

1view

$197,800

12002 Kleinmeadow Drive, Houston, TX, 77066

On Market

4 Beds

2 Bath

2,244 Sq Ft

Single Family Residence

$88.15 / sqft

Built in 1985

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Lot Size8,398 sqft

Building Information

Year Built1985

Stories2

Garage Spaces1

Land Information

APN1149280100005

Lot Number5

SubdivisionKleinbrook

Land UseResidential

Legal DescriptionLT 5 BLK 10 017*K4553507-001-010-005 KLEINBROOK SEC 1

Census Tract550901

Assessed Land Value$47,460

Assessed Improvement Value$189,716

Assessment Year2025

About this property

Located in the established Kleinbrook subdivision, this spacious two-story home offers approximately 2,244 square feet with 4 bedrooms and 2.5 bathrooms. Built in 1985, the property presents a great opportunity for investors or buyers looking to customize and renovate to their own specifications. The home features a functional layout with generously sized living areas and bedrooms, but requires a full interior update. Finishes are dated throughout and the property is being sold as-is, making it ideal for those seeking a value-add project. Situated on a residential street with convenient access to major thoroughfares, shopping, and dining, this property offers strong potential in a well-established area with consistent resale activity. Great investment opportunity—bring your vision and transform this home into something special.

Investor Tools

$237,176

Estimated Property Value

$0Estimated Mortgage Balance

$57,840Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,423 /month

Positive

Cash Flow Estimate:

$474 /month

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Cleo Griffith

Griffith Real Estate Services

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$345/month

$450/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,949

$237,176

2025

$47,460

$189,716

$237,176

Tax History

Year

Tax Paid

Assessed Value

2024

$2,949

$237,176

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Goldwater Bank Na

Fha

$178,703

Yes

First

Apr 24, 2020

May 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$179,336

$57,840

24%

76%

$1,216/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,450/mo

$1,666/mo

+$784/mo

12.4%

Learn About the Market: Opportunity in Houston

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