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Owner Contacts

$274,000

NAL Estimated Property Value

16122 Rill Ln, Houston, TX, 77062

Off Market

3 Beds

2 Bath

1,794 Sq Ft

Single Family Residence

$175.59 / sqft

Built in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Gas Cooktop, Dishwasher

Exterior

Lot Size7,440 sqft

Building Information

Year Built1967

Stories1

Garage Spaces2

Land Information

APN1003420000006

Lot Number6

SubdivisionCamino South

Land UseResidential

Legal DescriptionLT 6 BLK 32 CAMINO SOUTH SEC 3 R/P

Census Tract340701

Assessed Land Value$45,750

Assessed Improvement Value$213,444

Assessment Year2025

About this property

Nestled in the established Camino South community in the heart of Clear Lake, this beautiful single-story home offers 3 bedrooms and 2 bathrooms with abundant natural light, and a charming brick fireplace. The home features a modern open layout, a fully remodeled kitchen, updated bathrooms, and a large primary suite with a comfortable sitting area. Enjoy a generous deck on the patio, a spacious backyard perfect for outdoor activities, and a 2-car garage. Ideally located just minutes from NASA’s Johnson Space Center, Baybrook Mall, UHCL, Kemah Boardwalk, Clear Lake, and with easy access to I-45, restaurants, and shopping. The home is also within walking distance to the elementary school.

Investor Tools

$274,000

Estimated Property Value

$283,327Estimated 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

$1,890 /month

Positive

Cash Flow Estimate:

$630 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$313/month

$68/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,387

$259,194

2025

$45,750

$213,444

$259,194

Tax History

Year

Tax Paid

Assessed Value

2024

$2,387

$259,194

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Pennymac Loan Services Llc

Conventional

$297,790

First

Sep 25, 2023

Oct 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$283,327

N/A

103%

$1,786/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,854/mo

+$372/mo

9.7%

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.

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