Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
View AllArrow
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
View AllArrow
Auction List
Auction List
  • Real estate scheduled for county or online auction
View AllArrow
Deals List
Deals List
  • Discounted properties priced below market value
View AllArrow
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
View AllArrow
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS
View AllArrow

$221,061

NAL Estimated Property Value

12306 Fairmeadow Drive, Houston, TX, 77071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,885 Sq Ft
price_per_sqft$82.81 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

BankruptcyAuctionHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,379 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1081330000027
Lot Number27
SubdivisionFondren Sw Southmeadow
Land UseResidential
Legal DescriptionLT 27 BLK 1 FONDREN SW SOUTHMEADOW SEC 3
Census Tract423600
Assessed Land Value$77,353
Assessed Improvement Value$143,708
Assessment Year2025

About this property

If you have been searching for just the right investment property offering multiple possible opportunities, look at this one. 3 bedroom/2 bathroom with cosmetic updates needed. Roof, flooring, drywall, paint repairs indicated. See it today and make a bid! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding.

Investor Tools

Property Icon
$221,061
Estimated Property Value
$42,269Estimated Mortgage Balance
$178,792Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,326 /month
Positive
Cash Flow Estimate:
$442 /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
$478/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,625
$221,061
2025
$77,353
$143,708
$221,061
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,625
$221,061

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Twmc Inc
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$77,200
No
First
Apr 14, 2005
May 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$42,269
$178,792
80%
19%
$546/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$546/mo
+$1,176/mo
9.3%

City: Houston

12306 Fairmeadow Drive | Property Details | No Agent List