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$240,635

NAL Estimated Property Value

12922 Iris Garden Ln, Houston, TX, 77044

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,769 Sq Ft
price_per_sqft$132.79 / sqft
Year BuiltBuilt in 2008

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, Electric Oven, Microwave, Free-Standing Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size2,400 sqft

Building Information

Year Built2008
Garage Spaces2

Land Information

APN1285960010030
Lot Number30
SubdivisionSummerwood Amended #1
Land UseResidential
Legal DescriptionLT 30 BLK 1 SUMMERWOOD SEC 31 AMEND NO 1
Census Tract252002
Assessed Land Value$37,080
Assessed Improvement Value$203,555
Assessment Year2025

About this property

Beautiful townhome located in Master planned community of Summerwood. Well maintained front and backyard which features no rear neighbors and a paved deck in the back with a NEW privacy fence. New HVAC system includes ALL duct work, new paint throughout, and new toilets. First level offers beautiful rounded corners, living area, dining room and breakfast room, large kitchen, and half bath. Kitchen has been remodeled with new countertops, backsplash, new sink & faucet, & microwave. Head upstairs to your spacious loft/game-room. You will also find your master bed with en-suite bath. Large separate shower and jetted tub. Also, secondary bedrooms/closets and full bath are upstairs. Low maintenance exterior! Two car garage with your own private driveway and auto garage door opener. Community offers parks, walking trails, clubhouse, and neighborhood pools. Sought after school zones within Humble ISD. Offers great access to to Beltway 8 and IAH.

Investor Tools

Property Icon
$240,635
Estimated Property Value
$206,072Estimated Mortgage Balance
$34,563Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,444 /month
Positive
Cash Flow Estimate:
$481 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$113/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$154
$240,635
2025
$37,080
$203,555
$240,635
No

Tax History

Year
Tax Paid
Assessed Value
2024
$154
$240,635

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$223,155
No
First
Apr 1, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,072
$34,563
14%
86%
$1,338/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$2,238/mo
$-78/mo
10.8%

Learn About the Market: Opportunity in Houston

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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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12922 Iris Garden Ln | Property Details | No Agent List