B+

NoAgentList RatingHow are grades calculated?

31Days on Market

1view

$500,000

$515,000

1302 Mustang Trl, Houston, TX, 77339

On Market

Price Drop

3 Beds

2 Bath

3,185 Sq Ft

Single Family Residence

$156.99 / sqft

Built in 1991

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer

FlooringCarpet, Stone, Tile, Vinyl

Exterior

Lot Size14,902 sqft

Building Information

Year Built1991

Stories2

Garage Spaces2

Land Information

APN0990120000017

Lot Number17

SubdivisionForest Cove Country Club Estates

Land UseResidential

Legal DescriptionLT 17 BLK 24 FOREST COVE COUNTRY CLUB ESTATES SEC 2

Census Tract251100

Assessed Land Value$119,020

Assessed Improvement Value$317,694

Assessment Year2025

About this property

MOTIVATED SELLER***Tastefully & professionally updated 3185 sqft home on a beautiful wooded 1/3 ACRE lot in desirable FOREST COVE section of well-established KINGWOOD. 1ST FLOOR offers 3 generous BEDRMS, FORMAL LIV & DIN, DREAM KIT w low maintenance QUARTZ ctr tops, 2 BREAKFAST BARS, 2 sep pantries, 5 burner gas range, frig, undermount SS sink & FLOATING SHELVES that open to a HUGE FAMILY ROOM w dramatic VAULTED 2 STORY CEILING & PLANTATION SHUTTERS, computer niche under stairs, oversized laundry w washer/dryer, built-in ironing & cabinetry, BEAUTIFUL PRIMARY SUITE w his/hers separate closets & gorgeous walk-in shower! 2ND FLOOR offers SEP STUDY for max privacy, wall of BUILTIN BOOKCASES & large game room. Add ROOF 2024, luxury low maintenance vinyl plank flooring, fresh paint & carpet, designer chandeliers, LED lighting, plumbing fixtures, gorgeous natural light, giant backyard & EASY ACCESS TO I59/69 & IAH AIRPORT, LOW 2.26 TAX RATE, LOW $186 ANNUAL HOA & NEVER FLOODED! AMAZING

Investor Tools

$810,138Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,000 /month

Positive

Cash Flow Estimate:

$1,000 /month

Interested in this property?

Jean Modica

RE/MAX Cinco Ranch

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$520/month

$186/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,740

$436,714

2025

$119,020

$317,694

$436,714

Tax History

Year

Tax Paid

Assessed Value

2024

$3,740

$436,714

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Flagstone Financial Services Inc

Conventional

$420,850

First

Apr 29, 2024

May 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$810,138

N/A

162%

$5,048/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,670/mo

$5,234/mo

$-2,564/mo

6.4%

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