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$257,994

NAL Estimated Property Value

12906 Iris Garden Lane, Houston, TX, 77044

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,894 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$97.15 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,483 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN1285960010034
Lot Number34
SubdivisionSummerwood Amended #1
Land UseResidential
Legal DescriptionLT 34 BLK 1 SUMMERWOOD SEC 31 AMEND NO 1
Census Tract252002
Assessed Land Value$37,275
Assessed Improvement Value$220,719
Assessment Year2025

About this property

Cute 3 bedroom 2.5 bath in Summerwood - all bedrooms upstairs - open floor plan down - lots of windows allow for plenty of light - no rear neighbors

Investor Tools

Property Icon
$257,994
Estimated Property Value
$141,372Estimated Mortgage Balance
$116,622Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,548 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$270/month
$882/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,953
$257,994
2025
$37,275
$220,719
$257,994
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,953
$257,994

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brazos Valley Schools Cu
Conventional
$156,000
No
First
Jun 2, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,372
$116,622
45%
55%
$936/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,818/mo
+$342/mo
10.0%

City: Houston