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$475,000

1311 Forest Cove Drive, Kingwood, TX, 77339

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.91 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Gas Cooktop, Dishwasher
FlooringVinyl

Exterior

Lot Size43,469 sqft

Building Information

Year Built1969
Stories1
Garage Spaces4

Land Information

APN0950950000002
Lot Number2
SubdivisionForest Cove U/R
Land UseResidential
Legal DescriptionLT 2 BLK 11 FOREST COVE SEC 3 U/R
Census Tract251100
Assessed Land Value$134,320
Assessed Improvement Value$171,409
Assessment Year2025

About this property

Welcome to the cottage in the woods! This charming one story sits on an acre filled with 100 year old oaks & sprawling hardwoods on corner lot. Beautifully updated inside & out w/ new windows and fresh exterior paint. Inside features a large den with two seating areas (or could be formal dining plus den) showcased by corner fireplace and doors walking out to spacious backyard. Beamed ceilings and LVP floors in neutral color adds to the charm. Kitchen features gas cooktop, granite counters and double stainless ovens. Home office is privately located behind kitchen and being used as a 4th bed. Could also be a great gameroom off kitchen. Primary suite is oversized and has views of backyard and features room for sitting area. Primary bath has been updated. Secondary bedrooms are spacious as well and the secondary bath is updated. This one is move in ready with 3 year old roof, 5 year old HVAC, new water heater July 2024, updated electrical & on-site water well. Downtown Houston 25 min!

Investor Tools

Property Icon
$359,000
Estimated Property Value
$0Estimated Mortgage Balance
$56,083Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

Interested in this property?

Kim Fazzino

eXp Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$446/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,560
$305,729
2025
$134,320
$171,409
$305,729
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,560
$305,729

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$310,250
No
First
Feb 7, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$302,917
$56,083
15%
84%
$1,861/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,070/mo
$2,056/mo
+$14/mo
6.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Kingwood

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1311 Forest Cove Drive | Property Details | No Agent List