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$210,000

16306 Forest Way Dr, Houston, TX, 77090

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,803 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.47 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Laminate, Tile, Vinyl

Exterior

Lot Size6,930 sqft

Building Information

Year Built1970
Stories1
Garage Spaces2

Land Information

APN1004230000005
Lot Number5
SubdivisionNorth Forest
Land UseResidential
Legal DescriptionLT 5 BLK 8 NORTH FOREST SEC 1
Census Tract550305
Assessed Land Value$40,461
Assessed Improvement Value$177,170
Assessment Year2025

About this property

Welcome to this spacious 3-bedroom, 2-bathroom single-story home in the heart of Houston’s 77090 zip code. Recently updated, detached garage, driveway gate, 4 sided brick. Recent updates includes floors, carpets, bathrooms, paint, electrical and plumbing. Located with quick access to I-45, FM 1960.

Investor Tools

$63,936Estimated Mortgage Balance
$153,695Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,306 /month
Positive
Cash Flow Estimate:
$435 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$114/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$285
$217,631
2025
$40,461
$177,170
$217,631
No

Tax History

Year
Tax Paid
Assessed Value
2024
$285
$217,631

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Compufund Mortgage Company Ltd
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$88,400
No
First
Feb 27, 2006
Mar 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$63,936
$153,695
70%
29%
$808/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$1,108/mo
+$682/mo
9.9%

City: Houston

16306 Forest Way Dr | Property Details | No Agent List