Last 24 Hours
$144,000
12245 Lemon Ridge Ln # 122, Houston, TX, 77035
On Market
2 Beds
2 Bath
1,096 Sq Ft
Condos / Townhouses
$131.39 / sqft
Built in 1980Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 2
Indoor Fireplace
Heating Central
CoolingExterior
Lot Size1,080 sqft
Building Information
Year Built1980
Stories2
Land Information
APN0461710380010
SubdivisionFondren Southwest Tempos Apts
Land UseResidential
Legal DescriptionAPT 12245 BLDG 38 FONDREN SOUTHWEST TEMPOS APTS ABST 1071 D ELLIOT
Census Tract422304
Assessed Land Value$31,836
Assessed Improvement Value$96,272
Assessment Year2025
About this property
Discover this wonderful space 2-2 -loft, a delightful townhouse with one bedroom and bath on the first floor and one bedroom and bath with a loft on 2nd floor, the perfect plan for roommate living or a family with a teenager. The living room has high ceilings. centrally located between Beltway 8 to the west, 59 to the north, and 610 to the east.
Investor Tools
$0Estimated Mortgage Balance
$144,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$864 /month
Positive
Cash Flow Estimate:
$288 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$248/month
$403/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,261
$128,108
2025
$31,836
$96,272
$128,108
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,261
$128,108
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$144,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$403/mo
+$904/mo
10.9%
12.4%