25Days on Market

1view

$2,400

12938 Wempe Way, Houston, TX, 77047

On Market

3 Beds

2 Bath

1,690 Sq Ft

Single Family Residence

$1.42 / sqft

Built in 2023

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

Exterior

Lot Size6,560 sqft

Building Information

Year Built2023

Garage Spaces1

Land Information

APN1445740020043

Lot Number43

Land UseResidential

Legal DescriptionLT 43 BLK 2 CITY GATE SEC 6

Census Tract331502

Assessed Land Value$54,735

Assessed Improvement Value$262,324

Assessment Year2025

About this property

This property is a charming home located in the City Gate subdivision of Houston, TX 77047. Built in 2023, this residence offers a modern and comfortable living space with 3 bedrooms and 2 full bathrooms. This property provides ample outdoor space for relaxation and activities. Designed with contemporary features, the home blends functionality and style, making it ideal for families or individuals seeking a move-in ready property. The neighborhood is part of the Medical Center South area, offering convenient access to nearby amenities, schools, and major roads. This home is perfect for those looking for a blend of suburban tranquility and urban convenience.

Investor Tools

$0Estimated Mortgage Balance

$317,059Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,902 /month

Positive

Cash Flow Estimate:

$634 /month

Interested in this property?

Israel Martinez

AREA Texas Realty

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$670/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,460

$317,059

2025

$54,735

$262,324

$317,059

Tax History

Year

Tax Paid

Assessed Value

2024

$6,460

$317,059

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$317,059

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,000/mo

N/A

+$2,000/mo

7.6%

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.

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