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$239,216

12918 Iris Garden Ln, Houston, TX, 77044

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,725 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.22 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size2,596 sqft

Building Information

Year Built2008
Garage Spaces2

Land Information

APN1285960010031
Lot Number31
SubdivisionSummerwood Amended #1
Land UseResidential
Legal DescriptionLT 31 BLK 1 SUMMERWOOD SEC 31 AMEND NO 1
Census Tract252002
Assessed Land Value$37,647
Assessed Improvement Value$201,569
Assessment Year2025

About this property

This nicely maintained 3-bedroom townhouse is tucked away in a quiet cul-de-sac and offers an ideal blend of comfort and convenience. Featuring a spacious living area and a dedicated play area, the layout is perfect for both everyday living and entertaining. Enjoy easy access to downtown via nearby Beltway 8, making commuting a breeze. The neighborhood offers walking paths throughout, creating a welcoming, community feel. Surrounded by plenty of shopping, dining, and entertainment options, this home is perfectly positioned for an active lifestyle while still providing a peaceful retreat.

Investor Tools

Property Icon
$239,216
Estimated Property Value
$187,210Estimated Mortgage Balance
$75,988Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,435 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$225/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,504
$239,216
2025
$37,647
$201,569
$239,216
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,504
$239,216

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$187,210
No
First
Nov 12, 2019
Dec 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,228
$75,988
31%
68%
$1,123/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,123/mo
+$1,037/mo
10.8%

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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12918 Iris Garden Ln | Property Details | No Agent List