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Owner Contacts

$211,000

NAL Estimated Property Value

15850 Mountlong Dr, Humble, TX, 77396

Off Market

Commercial

3 Beds

2 Bath

1,661 Sq Ft

Multi Family

$1.41 / sqft

Built in 2020

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringCarpet, Tile, Vinyl

Exterior

Lot Size3,223 sqft

Building Information

Year Built2020

Garage Spaces1

Land Information

APN1414810020002

Lot Number2

Land UseResidential

Legal DescriptionLT 2 BLK 2 BALMORAL SEC 24 R/P

Census Tract250408

Assessed Land Value$20,963

Assessed Improvement Value$128,745

Assessment Year2025

About this property

Edgewater is located within the award-winning Balmoral Master Planned Community, home of the first Crystal Lagoon in Texas and its 8 acre Amenity Village, which are yours to enjoy year round. A unique, single family home, resort-style rental community that provides an amazing neighborhood and maintenance free lifestyle. Each home offers soaring nine-foot ceilings, wood plank inspired flooring, grey/white color interior color schemes, washer/dryer, sleek quartz countertops w/stainless appliance pkg, spa-inspired dbl vanities, ring doorbells, pet friendly, and 2 car attached garage. With 24-hr maintenance, YARD CARE INCLUDED, on-site office, zoned to the brand new Groves Elementary School and West Lake Middle School, on-site children's play room, exclusive access to Balmoral Lagoon and Clubhouse. Discover all of this and much more at Edgewater at the Lagoon! LOOK & LEASE SPECIAL - APPLY WITHIN 24 HRS OF VIEWING & RECEIVE FREE APP AND ADMIN FEES! 2-6 WEEKS FREE RENT DEPENDING ON UNIT

Investor Tools

$211,000

Estimated Property Value

$226,016,029Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,266 /month

Positive

Cash Flow Estimate:

$422 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$205/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,402

$149,708

2025

$20,963

$128,745

$149,708

Tax History

Year

Tax Paid

Assessed Value

2024

$1,402

$149,708

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Us Bank Trust Co Na

Loan Amount Keyed Is An Aggregate Amount

$240,000,000

First

Mar 24, 2023

Jun 2027

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$226,016,029

N/A

107117%

$1,438,922/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,880/mo

$1,438,922/mo

$-1,437,042/mo

10.7%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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