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$534,000

NAL Estimated Property Value

1321 Palmetto Ln, Houston, TX, 77339

$694,200 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,368 Sq Ft
price_per_sqft$148.16 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size43,469 sqft

Building Information

Year Built1983
Garage Spaces4

Land Information

APN0951050000002
Lot Number2
SubdivisionForest Cove U/R
Land UseResidential
Legal DescriptionLT 2 BLK 16 FOREST COVE SEC 4 U/R
Census Tract251100
Assessed Land Value$124,844
Assessed Improvement Value$403,697
Assessment Year2025

About this property

Remodeler's dream in highly coveted Forest Cove! Investors and flippers welcome! Needs full remodel! This expansive one acre lot includes beautiful mature trees, 3 car garage, a crystal clear, well maintained pool, plenty of room for entertaining! Bonus third floor has one large room and full bath! Professional measurements by licensed appraiser in attachments! 25 minutes to Downtown on 59!

Investor Tools

Property Icon
$534,000
Estimated Property Value
$320,775Estimated Mortgage Balance
$213,225Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$694,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,204 /month
Positive
Cash Flow Estimate:
$1,068 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,626
$528,541
2025
$124,844
$403,697
$528,541
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,626
$528,541

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$348,650
No
First
Feb 15, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,775
$220,225
40%
60%
$2,091/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$2,216/mo
+$454/mo
6.0%

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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1321 Palmetto Ln | Property Details | No Agent List