Last 24 Hours
$240,000
18703 Mercer Falls Dr, Hockley, TX, 77447
On Market
Just Added
3 Beds
2 Bath
1,320 Sq Ft
Single Family Residence
$181.82 / sqft
Built in 2022Property Lead Type:
Absentee Owner
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Garage Available
Heating Central
CoolingExterior
Lot Size5,889 sqft
Building Information
Year Built2022
Garage Spaces1
Land Information
APN1441670030001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 3 BECKER FIELDS SEC 1
Census Tract556000
Assessed Land Value$40,710
Assessed Improvement Value$173,957
Assessment Year2025
About this property
Welcome to 18703 Mercer Falls! Corner lot home in the growing town of Hockley! Minutes away from Hwy 290 and fifteen minutes from shopping and food. 35 minutes from Downtown Houston. This home is only a few years old which is great to help save on major repairs for the next few years. All appliances stay with the home. Please reach out for a tour!
Investor Tools
$151,327Estimated Mortgage Balance
$78,673Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,675
$214,667
2025
$40,710
$173,957
$214,667
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,675
$214,667
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$161,250
No
First
Apr 24, 2023
May 2053
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,327
$67,673
30%
66%
$967/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,940/mo
$967/mo
+$973/mo
10.1%
12.4%