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Owner Contacts

$509,000

NAL Estimated Property Value

1521 Mustang Trl, Houston, TX, 77339

Off Market

4 Beds

3 Bath

2,733 Sq Ft

$155.51 / sqft

Built in 1966

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

AppliancesDisposal, Electric Oven, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Vinyl

Exterior

Lot Size1.02 acres

Building Information

Year Built1966

Garage Spaces4

Land Information

APN0952790000003

Lot Number3

SubdivisionForest Cove U/R

Land UseResidential

Legal DescriptionLT 3 BLK 25 FOREST COVE SEC 5 U/R

Census Tract251100

Assessed Land Value$136,160

Assessed Improvement Value$333,990

Assessment Year2025

About this property

This home is stunning! Never flooded. Located on one of the highest elevations in Kingwood. Owners planned this as their forever home and upgraded it accordingly. Primary bedroom is downstairs with a bonus room down as well. It could work great as a nursery, gym, guest suite, the possibilities are endless. 1 acre with a well. Work shop. 125 volt RV hookup on the side of the garage. Energy efficient double pane windows. New flooring. Water heater -2019. HVAC Zoning system with dual thermostats and new duct work. Recessed lighting. Under counter lighting. Fresh paint and new light fixtures throughout. All 3 bathrooms have been remodeled. Deluxe 5 burner gas cook top. Beverage fridge and garage fridge stays with the home. Formal dining open to living room and kitchen. Beautiful moody study area is a perfect setting to work from home. Circular drive and covered parking in front of the garage creates tons of parking! This home has it all.

Investor Tools

$509,000

Estimated Property Value

$305,963Estimated Mortgage Balance

$203,037Estimated Equity

40% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,054 /month

Positive

Cash Flow Estimate:

$1,018 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$571/month

$135/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,310

$470,150

2025

$136,160

$333,990

$470,150

Tax History

Year

Tax Paid

Assessed Value

2024

$4,310

$470,150

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Global Home Finance Inc

Conventional

$339,600

First

Mar 26, 2021

Apr 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$305,963

$207,037

40%

60%

$2,037/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,670/mo

$2,172/mo

+$498/mo

6.3%

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