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Owner Contacts

$309,000

NAL Estimated Property Value

1406 Thornwood Lane, Houston, TX, 77062

Off Market

3 Beds

3 Bath

2,025 Sq Ft

Single Family Residence

$157.04 / sqft

Built in 1989

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Laminate, Tile

Exterior

Lot Size6,599 sqft

Building Information

Year Built1989

Garage Spaces2

Land Information

APN1168340040050

Lot Number50

SubdivisionBay Glen

Land UseResidential

Legal DescriptionLT 50 BLK 4 BAY GLEN SEC 5

Census Tract340800

Assessed Land Value$64,350

Assessed Improvement Value$215,100

Assessment Year2025

About this property

This beautiful family home located in Bay Glen is close to schools, parks and pools. It is just minutes from I-45. The home boasts new windows installed in 2020, updated A/C in 2014, furnace in 2021 and a roof that is only 3 years old. The two-story entry opens to a family room and formal dining room with wood laminate flooring. The kitchen has granite counter tops with tile back splash and the den has a gas fireplace. There is a 1/2 bath downstairs. The primary bedroom is very roomy and the bath has double sinks, separate shower and two closets. The 2nd bath has a vanity area and tub/shower combo. You will love the size of the fenced back yard with the 15 x 14 covered patio and two raised bed gardens.You can access the covered patio in the backyard from the den. Don't miss this wonderful home!

Investor Tools

$309,000

Estimated Property Value

$131,464Estimated Mortgage Balance

$177,536Estimated Equity

57% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,908 /month

Positive

Cash Flow Estimate:

$636 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$357/month

$390/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,741

$279,450

2025

$64,350

$215,100

$279,450

Tax History

Year

Tax Paid

Assessed Value

2024

$2,741

$279,450

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amwest Funding Corp

Conventional

$135,000

First

Sep 20, 2023

Oct 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$131,464

$177,536

57%

43%

$944/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,334/mo

+$388/mo

6.7%

Learn About the Market: Opportunity in Houston

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