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$261,409

NAL Estimated Property Value

15611 Falling Creek Drive, Houston, TX, 77068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,985 Sq Ft
price_per_sqft$128.46 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher
FlooringCarpet, Laminate

Exterior

Lot Size9,239 sqft

Building Information

Year Built1976
Stories1
Garage Spaces2

Land Information

APN1078680000010
Lot Number10
SubdivisionOak Creek Village
Land UseResidential
Legal DescriptionLT 10 BLK 28 OAK CREEK VILLAGE SEC 4
Census Tract553001
Assessed Land Value$40,316
Assessed Improvement Value$221,093
Assessment Year2025

About this property

Don't miss out on the opportunity to see this beautifully updated home in a convenient location. Kitchen has lots of storage and counter space and attached breakfast room. Primary bedroom has his and her walk in closets. Beautiful vaulted ceiling in the large living room with lots of built ins and a fireplace. Recent updates include: fresh paint, recently replaced laminate flooring in all areas except bedrooms, handles, fixtures, stainless steel appliances, granite countertops and backsplash in kitchen, refinished bathtubs, updated lighting, and plugs. Plenty of parking space in the long driveway with detached garage. Enjoy a large yard with no back neighbors. This property may qualify for special programs

Investor Tools

Property Icon
$261,409
Estimated Property Value
$213,858Estimated Mortgage Balance
$47,551Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,568 /month
Positive
Cash Flow Estimate:
$523 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$251/month
$335/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,707
$261,409
2025
$40,316
$221,093
$261,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,707
$261,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$229,500
No
First
Sep 29, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,858
$47,551
18%
82%
$1,376/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$1,711/mo
+$29/mo
8.0%

Learn About the Market: Opportunity in Houston

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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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15611 Falling Creek Drive | Property Details | No Agent List