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$232,000

NAL Estimated Property Value

12742 Pelican Bay Dr, Houston, TX, 77038

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,332 Sq Ft
price_per_sqft$172.6 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Electric Oven, Microwave, Electric Cooktop, Free-Standing Range, Dishwasher, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size7,449 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN1376100020001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 2 FORESTWOOD SEC 6
Census Tract533804
Assessed Land Value$39,963
Assessed Improvement Value$166,317
Assessment Year2025

About this property

Great new listing on a huge corner lot! This home has a fantastic split floor plan, a kitchen open to the living area with granite countertops all appliances. The primary bedroom is a great size and the accompanying bathroom and closet are massive! The seller will be paying off $30,000 worth of upgrades at closing which include solar panels that will give you super low electric bills and a water softener system. You will need to replace the carpets and bust out the paint which will allow you to personalize the home to your specific taste. A great location, giant backyard, and tons of upgrades make this home an AMAZING VALUE!!

Investor Tools

Property Icon
$232,000
Estimated Property Value
$149,543Estimated Mortgage Balance
$82,457Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,392 /month
Positive
Cash Flow Estimate:
$464 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
$110/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,354
$206,280
2025
$39,963
$166,317
$206,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,354
$206,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Calcon Mutual Mortgage Llc
Fha
$163,876
Yes
First
Nov 13, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,543
$82,457
35%
64%
$1,051/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,161/mo
+$561/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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12742 Pelican Bay Dr | Property Details | No Agent List