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Owner Contacts

$254,964

NAL Estimated Property Value

16506 Mandate Dr, Houston, TX, 77049

Off Market

3 Beds

3 Bath

2,080 Sq Ft

$132.21 / sqft

Built in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size4,400 sqft

Building Information

Year Built2014

Garage Spaces2

Land Information

APN1334140010068

Lot Number68

SubdivisionRancho Verde

Land UseResidential

Legal DescriptionLT 68 BLK 1 RANCHO VERDE SEC 5

Census Tract252306

Assessed Land Value$46,046

Assessed Improvement Value$208,918

Assessment Year2025

About this property

Welcome to 16506 Mandate, a stunning and meticulously maintained home located in the desirable neighborhood of Rancho Verde. As you step inside, you’ll be immediately impressed by the soaring ceilings and open floor plan that seamlessly blends the living, dining and kitchen areas, making this home perfect for entertaining. Additional features of this home include, wood tile floor in the family area, a spacious kitchen with plenty of cabinetry, a sizable backyard, and flex room upstairs that can be used as another living space or study. The interior of the home has been freshly painted. Refrigerator & washer and dryer will stay. Located just minutes away from shopping, restaurants and freeways.

Investor Tools

$254,964

Estimated Property Value

$255,602Estimated 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

$1,650 /month

Positive

Cash Flow Estimate:

$550 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$252/month

$450/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,744

$254,964

2025

$46,046

$208,918

$254,964

Tax History

Year

Tax Paid

Assessed Value

2024

$1,744

$254,964

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cornerstone Home Lending

Fha

$270,019

Yes

First

Jun 15, 2023

Jul 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$255,602

N/A

100%

$1,619/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,280/mo

$2,069/mo

+$211/mo

10.7%

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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