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Owner Contacts

$283,000

NAL Estimated Property Value

1426 Ash Meadow Dr, Houston, TX, 77090

Off Market

4 Beds

3 Bath

2,516 Sq Ft

$118.84 / sqft

Built in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDouble Oven, Electric Oven, Electric Cooktop, Dishwasher

FlooringCarpet, Tile, Vinyl

Exterior

Private Pool

Lot Size9,984 sqft

Building Information

Year Built1969

Stories2

Garage Spaces2

Land Information

APN1001600000006

Lot Number6

SubdivisionPonderosa Forest

Land UseResidential

Legal DescriptionLT 6 BLK 4 PONDEROSA FOREST SEC 1

Census Tract553102

Assessed Land Value$55,858

Assessed Improvement Value$199,542

Assessment Year2025

About this property

Upgrade to this 4 bed, 2.5 bath Ponderosa Forest gem and unlock the potential of this diamond-in-the-rough with instant equity!! This charming fixer-upper offers a fantastic opportunity for savvy investors or DIY enthusiasts. This home features a refinished heated pool and hot tub on a spacious lot. The floor plan seamlessly connects living, dining, and a large kitchen with stainless steel appliances. Luxury vinyl plank flooring, wood beams, and newer fixtures add elegance. With a bit of vision and renovation, transform this home into a modern gem. Outside, a covered patio overlooks the lush backyard oasis complete with your own pool and hot tub. Enjoy the convenience of nearby amenities and strong neighborhood comps. Don’t miss this chance to build equity and create a home that truly reflects your style.

Investor Tools

$283,000

Estimated Property Value

$136,916Estimated Mortgage Balance

$146,084Estimated Equity

53% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,794 /month

Positive

Cash Flow Estimate:

$598 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$280/month

$400/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,941

$255,400

2025

$55,858

$199,542

$255,400

Tax History

Year

Tax Paid

Assessed Value

2024

$1,941

$255,400

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Everett Financial Inc

Fha

$140,669

Yes

First

Nov 22, 2024

Dec 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$136,916

$156,084

53%

48%

$844/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,320/mo

$1,244/mo

+$1,076/mo

9.8%

Learn About the Market: Opportunity in Houston

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