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$229,000

NAL Estimated Property Value

12122 Fairbury Dr, Houston, TX, 77089

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,380 Sq Ft
price_per_sqft$122.46 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Free-Standing Range
FlooringCarpet, Tile

Exterior

Lot Size6,930 sqft

Building Information

Year Built1971
Stories1
Garage Spaces1

Land Information

APN1022060000006
Lot Number6
SubdivisionScarsdale
Land UseResidential
Legal DescriptionLT 6 BLK 3 SCARSDALE SEC 1
Census Tract350500
Assessed Land Value$41,265
Assessed Improvement Value$165,667
Assessment Year2025

About this property

Don't miss this well-maintained home offering 3 bedrooms plus a converted garage that can be used as a 4th bedroom or a home office. It features 2 full bathrooms, an open-concept kitchen that seamlessly connects to the living area, and updated bathrooms for a modern touch. Outside, enjoy a covered carport, a double-wide driveway, and a large backyard complete with two storage buildings or workshops—ideal for entertaining or extra storage. Conveniently located near Hobby Airport and the I-45 freeway!

Investor Tools

Property Icon
$229,000
Estimated Property Value
$91,804Estimated Mortgage Balance
$137,196Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$100/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$56
$206,932
2025
$41,265
$165,667
$206,932
No

Tax History

Year
Tax Paid
Assessed Value
2024
$56
$206,932

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$163,500
No
First
Nov 5, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$91,804
$115,128
55%
40%
$875/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$1,125/mo
+$665/mo
9.4%

City: Houston

12122 Fairbury Dr | Property Details | No Agent List