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Owner Contacts

$274,999

NAL Estimated Property Value

1318 Hamblen Rd, Houston, TX, 77339

Off Market

3 Beds

2 Bath

1,560 Sq Ft

Single Family Residence

$160.19 / sqft

Built in 1990

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Cooktop, Dishwasher, Refrigerator

FlooringLaminate

Exterior

Lot Size14,401 sqft

Building Information

Year Built1990

Land Information

APN0942260000022

Lot Number22

SubdivisionForest Cove U/R

Land UseResidential

Legal DescriptionLT 22 BLK 4 FOREST COVE SEC 2 U/R

Census Tract251100

Assessed Land Value$19,373

Assessed Improvement Value$255,626

Assessment Year2025

About this property

Location, Location, Location. Welcome to this charming, one-story, 3-bedroom home, nestled on a spacious lot surrounded by lush trees. This updated gem offers a perfect blend of comfort, convenience, and natural beauty. Step inside to discover a warm and inviting interior that has been thoughtfully updated, ensuring modern amenities and a stylish aesthetic. The layout of this delightful home is designed to provide both functionality and a cozy atmosphere, making it an ideal choice for families or those seeking a comfortable living space The large lot surrounding the property offers ample space for outdoor activities and provides a serene backdrop of nature's beauty. Imagine spending your evenings relaxing on the patio, enjoying the tranquility of the trees that envelop the property. Convenience is key, as this home offers easy access to the highway, allowing for seamless commuting and quick trips to nearby amenities. 5 Mins to 59, 15 Mins to Airport, 30 Minutes to Houston.

Investor Tools

$274,999

Estimated Property Value

$190,694Estimated Mortgage Balance

$84,305Estimated Equity

30% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,650 /month

Positive

Cash Flow Estimate:

$550 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$344/month

$170/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,754

$274,999

2025

$19,373

$255,626

$274,999

Tax History

Year

Tax Paid

Assessed Value

2024

$2,754

$274,999

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

T2 Financial Llc

Conventional

$201,450

First

Jun 30, 2023

Jul 2038

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$190,694

$84,305

30%

69%

$1,208/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,570/mo

$1,378/mo

+$192/mo

6.9%

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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