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$289,000

12323 Split Rail Ln, Houston, TX, 77071

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,434 Sq Ft
price_per_sqft$118.73 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Lot Size6,090 sqft

Building Information

Year Built1978
Stories2
Garage Spaces2

Land Information

APN1081340000026
Lot Number26,27
SubdivisionFondren Sw Southmeadow
Land UseResidential
Legal DescriptionS 39 FT OF LT 26 & N 19 FT OF LT 27 BLK 2 FONDREN SW SOUTHMEADOW SEC 3
Census Tract423600
Assessed Land Value$69,458
Assessed Improvement Value$242,723
Assessment Year2025

About this property

Welcome to your next home, freshly painted, low E windows, Pex piping, and Solar Panels that are paid off! Well-maintained home with lifetime warranty on the foundation. When you enter, on your right, you will find a large room that could be a 5th bedroom or a home office (17x15). The kitchen has ample cabinets and counter space for your convenience. The study nook in the living room is great for keeping an eye on the kids and their internet activities. Don’t miss the half bath it’s by the utility room. You will enjoy the open-floor plan with high ceilings. The second floor is open to the entry and the living area. The spindled banisters allow light transfer throughout, perfect for everyday living. The large primary bedroom includes a private bath, and large double sinks area. Two of the secondary bedrooms connect to the balcony in the front. Enjoy the fully fenced backyard, ideal for the family BBQs. Community Amenities; Security,Lg Pool,BBQ area, Club House,Tennis & Basketball Courts

Investor Tools

$0Estimated Mortgage Balance
$312,181Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,873 /month
Positive
Cash Flow Estimate:
$624 /month

Interested in this property?

Susan Kinder

MV Realty Of Texas LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
$364/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,814
$312,181
2025
$69,458
$242,723
$312,181
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,814
$312,181

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$312,181
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$364/mo
+$1,862/mo
8.6%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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