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$275,205

12902 Iris Garden Ln, Houston, TX, 77044

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,130 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$0.94 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size3,128 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN1285960010035
Lot Number35
SubdivisionSummerwood Amended #1
Land UseResidential
Legal DescriptionLT 35 BLK 1 SUMMERWOOD SEC 31 AMEND NO 1
Census Tract252002
Assessed Land Value$38,441
Assessed Improvement Value$236,764
Assessment Year2025

About this property

Quiet, convenient Townhome available and just waiting for you. Take note of the beautiful wood-look tile floors, faux wood blinds, custom shades, upgraded shaker cabinets, exquisite granite counters, bowl sink, designer backsplash, and newer appliances including a washer, dryer, stainless refrigerator, and dishwasher. Outside you'll find a brick-laid patio with trellis, in-ground sprinkler system, new roof & exterior paint (2023), no side or back neighbors, and access to private walking trails just through the back gate. This home has all you need! This is the ultimate in luxury & convenience with easy highway access & commute to Houston or to Bush Airport. The HOA fee covers playgrounds, swimming pools, splash pads, a private park by the lake of Houston, a gym, and tennis courts. If you're looking for convenience, a quiet neighborhood, and low home maintenance, you need to see this Townhome! Don't miss out on this opportunity!

Investor Tools

Property Icon
$275,205
Estimated Property Value
$221,350Estimated Mortgage Balance
$73,071Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,651 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$288/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,083
$275,205
2025
$38,441
$236,764
$275,205
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,083
$275,205

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Conventional
$221,350
No
First
Oct 12, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,134
$73,071
26%
73%
$1,328/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,328/mo
+$832/mo
9.4%

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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12902 Iris Garden Ln | Property Details | No Agent List