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$290,000

12503 Newport Arch Ln, Houston, TX, 77047

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,541 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.19 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesSide Yard, Sprinkler System
Lot Size6,595 sqft

Building Information

Year Built2021
Garage Spaces1

Land Information

APN1410060010014
Lot Number14
Land UseResidential
Legal DescriptionLT 14 BLK 1 CITY GATE SEC 2
Census Tract331502
Assessed Land Value$54,775
Assessed Improvement Value$235,567
Assessment Year2025

About this property

Beautiful 3 bedroom in the gated community of City Gate! This move-in ready gem is situated perfectly on a large cul-de-sac near one of the several community ponds! The backyard offers rare privacy & a covered back patio. *Rare lot size* The kitchen provides stainless steel appliances, custom shelving, 42-inch cabinets, spacious Silestone countertops, updraft range ventilation & a large central island. Modern style + open concept! Fresh paint throughout & new carpet in the bedrooms! HOA provided front lawn care. Close to the Medical Ctr, downtown Houston, major highways, grocery stores, gyms, nearby walking trails, playgrounds, ponds and easy access to Sims Bayou Greenway with hike-and-bike trails! Less than 50 miles to Galveston!

Investor Tools

$261,359Estimated Mortgage Balance
$47,317Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

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Greg Nino

RE/MAX Compass

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$621/month
$1,350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,920
$290,342
2025
$54,775
$235,567
$290,342
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,920
$290,342

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Home Mortgage Corp
Conventional
$269,800
No
First
Aug 16, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,359
$48,641
15%
85%
$1,618/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$2,968/mo
$-968/mo
7.8%

City: Houston

12503 Newport Arch Ln | Property Details | No Agent List