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$305,000

15231 Falling Creek Dr, Houston, TX, 77068

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,675 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.02 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Deal ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size9,518 sqft

Building Information

Year Built1974
Stories2
Garage Spaces2

Land Information

APN1053710000034
Lot Number34
SubdivisionOak Creek Village
Land UseResidential
Legal DescriptionLT 34 BLK 20 OAK CREEK VILLAGE SEC 3
Census Tract553001
Assessed Land Value$50,628
Assessed Improvement Value$203,403
Assessment Year2025

About this property

Spacious 2-story home in Houston offering 4 bedrooms, 2 full baths, 1 half bath, and approximately 2,675 square feet. Situated on a just under a quarter acre, this property features a kitchen with stainless steel appliances and a vent hood, plus new vinyl plank flooring upstairs for a fresh, updated look. Built in 1974, the home provides generous indoor and outdoor space. Convenient access to North Houston employment and commuting corridors. Listed at $315,000.

Investor Tools

$2,657,213Estimated Mortgage Balance
$312,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

Interested in this property?

Ryan Landry

LPT Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,991
$254,031
2025
$50,628
$203,403
$254,031
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,991
$254,031

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lima One Capital Llc
Building Or Construction Loan
$2,680,580
No
First
Dec 23, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,657,213
N/A
0%
852%
$16,072/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$16,072/mo
$-13,822/mo
8.7%

City: Houston