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B+
NoAgentList RatingHow are grades calculated? Info

$241,347

12962 Iris Garden Ln, Houston, TX, 77044

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,680 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$113.39 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Oven, Microwave, Gas Cooktop, Refrigerator, Dishwasher, Washer/Dryer

Exterior

Lot Size2,391 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN1285960010020
Lot Number20
SubdivisionSummerwood Amended #1
Land UseResidential
Legal DescriptionLT 20 BLK 1 SUMMERWOOD SEC 31 AMEND NO 1
Census Tract252002
Assessed Land Value$36,941
Assessed Improvement Value$204,406
Assessment Year2025

About this property

Beautiful townhome located in the Master planned community of Summerwood. Well-maintained front yard and a backyard which features no rear neighbors and a paved deck. First floor offers beautiful rounded corners, large living area with surround sound wiring, open kitchen, and powder room. Kitchen has plenty of cabinet space and pantry for storage. Head upstairs and you will also find your master bed with en-suite bath and large walk-in closet. Also, secondary bedrooms/closets and full bath are upstairs. Low maintenance exterior and good-sized interior layout with plenty of storage and livable space. Two car garage with your own private driveway and auto garage door opener. Roof will be replaced in early 2021. Community offers several parks, walking trails, tennis courts, work out facilities, clubhouse, and neighborhood pools. Sought after school zones within Humble ISD. Offers great access to Highway 59, Beltway 8 and IAH. Make this home yours today!

Investor Tools

Property Icon
$241,347
Estimated Property Value
$145,600Estimated Mortgage Balance
$110,168Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,448 /month
Positive
Cash Flow Estimate:
$483 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$253/month
$190/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,827
$241,347
2025
$36,941
$204,406
$241,347
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,827
$241,347

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$145,600
No
First
Mar 19, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,179
$110,168
45%
54%
$873/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,063/mo
+$1,097/mo
10.7%

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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12962 Iris Garden Ln | Property Details | No Agent List