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$299,600

16502 Lancaster Place Dr, Houston, TX, 77083

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.31 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher
FlooringTile

Exterior

Lot Size6,897 sqft

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2215-00-007-0040-907
Lot Number4
SubdivisionChelsea At Mission Bend R/P
Land UseResidential
Legal DescriptionCHELSEA AT MISSION BEND R/P, BLOCK 7, LOT 4
Census Tract672602
Assessed Land Value$36,400
Assessed Improvement Value$226,600
Assessment Year2025

About this property

This is a well-maintained 3-bedroom house that will make the new owner proud. The living room, with a high ceiling and a fireplace, adds beauty to the house. The living room also opens to the kitchen, which has modern whitew granite countertops that complement the white tiled floor. This is a must-see!

Investor Tools

$186,642Estimated Mortgage Balance
$76,358Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,798 /month
Positive
Cash Flow Estimate:
$599 /month

Interested in this property?

Ernest Kalibala

Dash Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$456/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,153
$263,000
2025
$36,400
$226,600
$263,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,153
$263,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Equity Mortgage
Commercial
$204,000
No
First
Feb 17, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,642
$76,358
29%
71%
$1,224/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,524/mo
+$198/mo
7.9%

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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16502 Lancaster Place Dr | Property Details | No Agent List