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$231,000

12418 Sungate Ln, Houston, TX, 77071

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,962 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.27 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Lot Size4,861 sqft

Building Information

Year Built1978
Stories2
Garage Spaces2

Land Information

APN1136150000004
Lot Number4
SubdivisionSouthmeadow Patio Homes
Land UseResidential
Legal DescriptionLT 4 BLK 5 SOUTHMEADOW PATIO HOMES SEC 1
Census Tract423600
Assessed Land Value$51,480
Assessed Improvement Value$155,626
Assessment Year2025

About this property

BACK on the market! Seller installed a new Hvac system and brand new roof!! Located in the peaceful South Meadow Patio Homes community in Southwest Houston, this property boasts 3 bedrooms, 2.5 bathrooms, and nearly 2,000 sqft of living space. With easy access to major routes like beltway 8, Hwy90, and 69, this home offers a secure environment for your family. Act quickly to secure this opportunity! Also this home comes with ALL FURNITURE THATS CURRENTLY IN THE HOUSE.

Investor Tools

Property Icon
$231,000
Estimated Property Value
$219,239Estimated Mortgage Balance
$13,672Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,404 /month
Positive
Cash Flow Estimate:
$468 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$498/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,821
$207,106
2025
$51,480
$155,626
$207,106
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,821
$207,106

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$219,239
No
First
Nov 20, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,328
$6,672
2%
94%
$1,315/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,670/mo
+$52/mo
8.9%

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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12418 Sungate Ln | Property Details | No Agent List