B+

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Owner Contacts

$487,225

16602 Saco River Way, Houston, TX, 77044

Off Market

4 Beds

4 Bath

3,268 Sq Ft

Single Family Residence

$134.64 / sqft

Built in 2010

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size11,687 sqft

Building Information

Year Built2010

Garage Spaces2

Land Information

APN1286810020006

Lot Number6

SubdivisionWaters Edge

Land UseResidential

Legal DescriptionLT 6 BLK 2 WATERS EDGE SEC 3

Census Tract252003

Assessed Land Value$85,914

Assessed Improvement Value$401,311

Assessment Year2025

About this property

ASSUMABLE LOW INTEREST RATE AVALABLE FOR VETERANS: This stunning 1.5-story home in the gated Waters Edge community is a true gem! The oversized corner lot features an inviting front porch, perfect for sipping morning coffee, complete with upgraded shutters and lush landscaping that creates a warm, welcoming vibe. Inside, you'll find a private study ideal for remote work, and a separate dining room that’s perfect for hosting dinners. The entertainer’s kitchen is a chef’s delight with staggered mahogany cabinets providing abundant storage and a large island that accommodates five stools, making it a perfect gathering spot. The three-car garage provides ample space for vehicles and storage. Plus, the whole house generator ensures peace of mind during outages, while custom Gemstone lights wrapped around the home add an enchanting touch in the evenings. Call to schedule a private tour

Investor Tools

$487,225

Estimated Property Value

$337,590Estimated Mortgage Balance

$157,103Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,923 /month

Positive

Cash Flow Estimate:

$974 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$598/month

$1,100/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,746

$487,225

2025

$85,914

$401,311

$487,225

Tax History

Year

Tax Paid

Assessed Value

2024

$4,746

$487,225

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Mortgage Research Center Llc

$337,590

Yes

First

Feb 12, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$330,122

$157,103

32%

68%

$2,025/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,790/mo

$3,125/mo

$-335/mo

6.9%

Learn About the Market: Opportunity in Houston

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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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