$229,950
16122 Alta Mesa Dr, Houston, TX, 77083
Pending
Property Lead Type:
Absentee Owner
Highlights
Interior
AppliancesDouble Oven, Gas Cooktop
FlooringCarpet, Laminate, Tile
Exterior
Lot Size10,855 sqft
Building Information
Year Built1977
Stories1
Garage Spaces2
Land Information
APN1096100000021
Lot Number21
SubdivisionMission Bend
Land UseResidential
Legal DescriptionLT 21 & TR 22A BLK 9 MISSION BEND SEC 1
Census Tract454200
Assessed Land Value$59,084
Assessed Improvement Value$196,023
Assessment Year2025
About this property
Solidly built and well maintained, this home offers updated flooring, a roof approximately 6-7 years old, and an A/C approximately 3-4 years old. With mature trees, a spacious yard, and a functional floor plan, it's ready for a new owner to add their personal style. Some repairs are likely needed and have been reflected in the price - great opportunity to build equity. Located near shopping, restaurants, schools, and major commuter routes. Home is still being cleared out - please excuse any clutter.
Investor Tools
$245,659Estimated Mortgage Balance
$14,226Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$225/month
$500/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,401
$255,107
2025
$59,084
$196,023
$255,107
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,401
$255,107
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interlinc Mortgage Services Llc
Conventional
$264,100
No
First
Aug 23, 2022
Sep 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,659
$17,341
6%
95%
$1,584/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,084/mo
+$142/mo
10.3%
