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$211,600

1639 Mustang Canyon Way, Houston, TX, 77049

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,704 Sq Ft
price_per_sqft$124.18 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Gas Oven, Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size5,022 sqft

Building Information

Year Built2016
Garage Spaces1

Land Information

APN1373770040026
Lot Number26
Land UseResidential
Legal DescriptionLT 26 BLK 4 RANCHO VERDE SEC 6
Census Tract252306
Assessed Land Value$47,071
Assessed Improvement Value$216,441
Assessment Year2025

About this property

Don't miss this opportunity in Rancho Verde! This charming one story home offers 3 bedrooms, 2 bathrooms, and a 2 car garage. The property is being sold As-Is, with no repairs to be made. The open concept kitchen flows seamlessly into the family room, creating an ideal space for entertaining. The kitchen is open concept, and overlooks the main living area.

Investor Tools

$168,573Estimated Mortgage Balance
$95,350Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,581 /month
Positive
Cash Flow Estimate:
$527 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
$460/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,803
$263,512
2025
$47,071
$216,441
$263,512
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,803
$263,512

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$160,037
Yes
First
Dec 30, 2016
Jan 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,573
$94,939
36%
64%
$1,222/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,770/mo
$1,682/mo
+$88/mo
8.1%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1639 Mustang Canyon Way | Property Details | No Agent List