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Owner Contacts

$387,000

NAL Estimated Property Value

16942 Lake Willowby Ln, Houston, TX, 77044

Off Market

4 Beds

4 Bath

3,014 Sq Ft

Single Family Residence

$0.85 / sqft

Built in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Gas Oven, Microwave, Free-Standing Range, Gas Range, Indoor Grill, Dryer, Refrigerator, Washer, Dishwasher, Oven

FlooringCarpet, Laminate, Tile, Wood

Exterior

Lot Size8,224 sqft

Building Information

Year Built2013

Garage Spaces2

Land Information

APN1309880020010

Lot Number10

SubdivisionWaters Edge

Land UseResidential

Legal DescriptionLT 10 BLK 2 WATERS EDGE SEC 7

Census Tract252003

Assessed Land Value$68,449

Assessed Improvement Value$285,573

Assessment Year2025

About this property

This charming 2-story home features 4 beds, 3.5 baths, and a 2-car attached garage. The open-concept layout includes a dining room, family room, breakfast nook, and kitchen ideal for entertaining. Upstairs, a large game room and three bedrooms offer ample space. The primary bedroom boasts a walk-in closet and privacy. Natural light fills the living area with a cozy fireplace. The kitchen offers cabinet space and bar seating. Additional features include a 2-car garage, long driveway, and convenient access to Beltway 8, Generation Park, and Lake Houston. Approx. 15 miles from downtown Houston, with parks, a fishing pier, and shopping nearby.

Investor Tools

$387,000

Estimated Property Value

$117,395Estimated Mortgage Balance

$269,605Estimated Equity

69% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,322 /month

Positive

Cash Flow Estimate:

$774 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$193/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$383

$354,022

2025

$68,449

$285,573

$354,022

Tax History

Year

Tax Paid

Assessed Value

2024

$383

$354,022

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Secure Financial Services Inc

Conventional

$164,639

First

Aug 1, 2013

Aug 2043

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$117,395

$262,605

69%

30%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,790/mo

N/A

+$2,790/mo

8.7%

Learn About the Market: Opportunity in Houston

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