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Owner Contacts

$214,000

NAL Estimated Property Value

12627 Lockbourne Dr, Houston, TX, 77038

Off Market

4 Beds

2 Bath

1,707 Sq Ft

Single Family Residence

$134.74 / sqft

Built in 1980

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Electric Range, Dishwasher

FlooringTile, Vinyl

Exterior

Lot Size7,353 sqft

Building Information

Year Built1980

Stories1

Garage Spaces2

Land Information

APN1125960000007

Lot Number7

SubdivisionForestwood

Land UseResidential

Legal DescriptionLT 7 BLK 4 FORESTWOOD SEC 1

Census Tract533804

Assessed Land Value$41,856

Assessed Improvement Value$153,454

Assessment Year2025

About this property

Welcome to this beautifully updated 4 bedroom, 2 bath home featuring fresh paint, updated flooring, and modern touches throughout! Originally a 3-bedroom, 2-bath, half of the garage has been thoughtfully converted into an additional bedroom, offering extra space for guests, a home office, or a playroom. The kitchen boasts some updates making it the perfect space for cooking and gathering. With stylish flooring upgrades and a refreshed interior, this home is move-in ready! Enjoy a spacious backyard, ideal for entertaining, and a prime location near shopping, dining, and major highways. HVAC replaced in 2020 and water heater replaced in 2023. Don’t miss out on this unique opportunity—schedule your showing today!

Investor Tools

$214,000

Estimated Property Value

$0Estimated Mortgage Balance

$214,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,380 /month

Positive

Cash Flow Estimate:

$460 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$233/month

$215/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,731

$195,310

2025

$41,856

$153,454

$195,310

Tax History

Year

Tax Paid

Assessed Value

2024

$1,731

$195,310

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$226,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$215/mo

+$2,011/mo

12.5%

Learn About the Market: Opportunity in Houston

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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.

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