B+

NoAgentList RatingHow are grades calculated?

14Days on Market

1view

$129,900

16151 Coyridge Ln, Houston, TX, 77053

Under Contract

Just Added

2 Beds

1 Bath

1,040 Sq Ft

Single Family Residence

$124.9 / sqft

Built in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesElectric Range

Exterior

Lot Size6,504 sqft

Building Information

Year Built1982

Stories1

Roof Type105

Garage Spaces1

Land Information

APN6200-03-018-0120-907

Lot Number12

SubdivisionRidgegate S/D Sec 3

Land UseResidential

Legal DescriptionRIDGEGATE S/D SEC 3, BLOCK 18, LOT 12

Census Tract670202

Assessed Land Value$31,200

Assessed Improvement Value$137,606

Assessment Year2025

About this property

This is a remarkable chance to transform a home and truly make it your own. Nestled on an expansive 6,504 SF lot, this charming one-story residence boasts 1,040 SF of living space, providing ample room for comfortable living & creative upgrades. Inside, you’ll find 2 generously sized bedrooms and 1 full bathrooms.. The home features a large welcoming living room, & dining area. Spacious kitchen. Additional, one-car garage, as well as both front and back yards, offering abundant outdoor space for gardening, play. Location is truly unbeatable—just minutes from the Medical center, Galleria and Downtown Houston. With easy access to major freeways like Beltway 8 and Highway 610, commuting and exploring the city is a breeze. This is an exceptional opportunity to complete the remaining work and create a wonderful home tailored to your vision.

Investor Tools

$190,000

Estimated Property Value

$71,520Estimated Mortgage Balance

$133,807Estimated Equity

62% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,140 /month

Positive

Cash Flow Estimate:

$380 /month

Interested in this property?

Douglas Rodriguez

HomeSmart

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$91/month

$250/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$141

$166,894

2025

$31,200

$137,606

$168,806

Yes (2021)

Tax History

Year

Tax Paid

Assessed Value

2025

$141

$166,894

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

James Henry Phillips

Unknown

$71,520

First

Jun 27, 2016

Jul 2028

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$56,193

$154,807

73%

30%

$429/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

$679/mo

+$1,231/mo

12.1%

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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