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$380,000

12031 Iris Canyon Dr, Tomball, TX, 77377

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,803 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.64 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Slate, Tile

Exterior

Lot Size7,004 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN1221940020007
Lot Number7
SubdivisionCanyon Gate At Northpointe
Land UseResidential
Legal DescriptionLT 7 BLK 2 CANYON GATE AT NORTHPOINTE SEC 10
Census Tract555503
Assessed Land Value$66,092
Assessed Improvement Value$313,908
Assessment Year2025

About this property

Beautiful home located on a corner lot in a Gated Community! Tiled entry leads the formal dining area featuring tile flooring, crown molding throughout entire home. Large family room has a corner tile surround gas fireplace, high ceilings and open to the kitchen & breakfast. Kitchen has granite counters, black appliances, gas oven/range, lots of cabinets & breakfast bar. Lovely master suite with high ceilings, his & hers sinks, separate shower, jetted tub and large walk-in closet. Spacious game room upstairs along with 3 secondary bedrooms and jack & jill bathroom. Exquisite landscaping with decorative uplighting to highlight trees and brick facade. Spacious backyard There is room for a pool and the flower beds have already been landscaped. 7-zone sprinkler system for enter yard (front and back).This home is zoned to highly-rated Tomball ISD schools & is located just minutes from TX-249 & the Grand Parkway for an easy commute! A quick drive to Vintage Park for a variety of restaurants.

Investor Tools

Property Icon
$380,000
Estimated Property Value
$270,000Estimated Mortgage Balance
$134,376Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
$1,050/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,630
$380,000
2025
$66,092
$313,908
$380,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,630
$380,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgageselect
Conventional
$270,000
No
First
Aug 18, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,624
$134,376
35%
65%
$1,619/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,860/mo
$2,669/mo
+$191/mo
9.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Tomball

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