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$254,000

NAL Estimated Property Value

12523 Lancelot Dr, Houston, TX, 77031

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,745 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.13 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Double Oven, Electric Oven, Microwave, Electric Cooktop, Electric Range, Free-Standing Range, Dishwasher, Refrigerator
FlooringLaminate, Tile, Wood

Exterior

Lot Size7,606 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN1054750000020
Lot Number20
SubdivisionGlenshire
Land UseResidential
Legal DescriptionLT 20 BLK 16 GLENSHIRE SEC 5
Census Tract440102
Assessed Land Value$65,289
Assessed Improvement Value$178,300
Assessment Year2025

About this property

Charming three bedroom two bath in the quiet Glenshire neighborhood. Home comes fully remodeled with contemporary furnishings, granite countertops, two-car garage and workspace. Also don't forget about the tiny bonus office in the back yard and newly fenced. Very near to Beltway and other highways for convenient easy access. This home is a must-see and won't last long!

Investor Tools

Property Icon
$254,000
Estimated Property Value
$202,406Estimated Mortgage Balance
$51,594Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,311
$243,589
2025
$65,289
$178,300
$243,589
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,311
$243,589

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rock Mortgage Services Lp
Conventional
$217,600
No
First
Aug 9, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,406
$81,594
28%
80%
$1,305/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,805/mo
$-83/mo
8.1%

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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12523 Lancelot Dr | Property Details | No Agent List