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$1,886,000

12922 Butterfly Ln, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,081 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$361.43 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,050 sqft

Building Information

Year Built2012
Stories1
Garage Spaces2

Land Information

APN0843190000018
Lot Number18
SubdivisionMemorial Bend
Land UseResidential
Legal DescriptionLT 18 BLK 1 MEMORIAL BEND SEC 1
Census Tract450700
Assessed Land Value$554,645
Assessed Improvement Value$1,024,511
Assessment Year2025

About this property

Elegant 2-story built by Princeton Homes in Memorial Bend! This 4 bed 4.5 bath home features high ceilings, plantation shutters, and crown molding throughout. Light-filled open-layout first floor w/ formal dining, study, and vaulted beam ceiling living room w/ fireplace and wall of windows. Gourmet kitchen features a 6 burner gas cooktop, double ovens, island, Thermador appliances, bar, walk-in pantry and breakfast room. Spacious first-floor primary suite w/ oversized walk-in closet and bath: double sinks, jetted tub, walk-in shower and vanity. Utility room, powder bath and workspace w/ desk built-in off kitchen complete the first floor. Second-floor features three en-suite secondary bedrooms and gameroom. Covered patio backyard is the perfect space for entertaining! Close proximity to a variety of excellent dining and shopping options including: Memorial Green, Town & Country and CityCentre. Zoned to Rummel Creek Elem., Memorial Middle and Memorial High.

Investor Tools

Property Icon
$1,886,000
Estimated Property Value
$634,800Estimated Mortgage Balance
$1,285,094Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,316 /month
Positive
Cash Flow Estimate:
$3,772 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,922/month
$431/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,630
$1,579,156
2025
$554,645
$1,024,511
$1,579,156
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,630
$1,579,156

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$634,800
No
First
Jun 2, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$600,906
$1,210,094
66%
32%
$3,806/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$4,237/mo
$-987/mo
2.1%

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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