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Owner Contacts

$235,273

NAL Estimated Property Value

1923 Redway Ln, Houston, TX, 77062

Off Market

3 Beds

2 Bath

1,329 Sq Ft

$172.31 / sqft

Built in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Range, Dishwasher, Refrigerator

FlooringCarpet, Tile

Exterior

Private Pool

Lot Size8,398 sqft

Building Information

Year Built1965

Garage Spaces2

Land Information

APN0962850000105

Lot Number105

SubdivisionClear Lake City

Land UseResidential

Legal DescriptionLT 105 BLK 18 CLEAR LAKE CITY SEC 2

Census Tract340501

Assessed Land Value$56,700

Assessed Improvement Value$178,573

Assessment Year2025

About this property

Nestled in the sought-after Clear Lake Area, this remarkable property features 3 bedrooms, 2 full bathrooms, a 2-car garage, and a mix of tile and carpet flooring. Enjoy a refreshing pool with a fence, a cozy sunroom. With double-pane windows and an air-conditioned sunroom, this home offers comfort and style. Located in the top-rated CCISD School District, residents also have access to community pools and parks. Conveniently situated near major freeways like I-45, El Dorado, and Bay Area, as well as just minutes away from Baybrook Mall and various shopping centers. Explore nearby attractions such as NASA and Kemah Boardwalk.

Investor Tools

$235,273

Estimated Property Value

$194,296Estimated Mortgage Balance

$40,977Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,412 /month

Positive

Cash Flow Estimate:

$471 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$298/month

$68/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,400

$235,273

2025

$56,700

$178,573

$235,273

Tax History

Year

Tax Paid

Assessed Value

2024

$2,400

$235,273

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

The Loan Store Inc

Conventional

$199,000

First

Jan 17, 2025

Feb 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$194,296

$41,704

17%

83%

$1,194/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,262/mo

+$460/mo

8.8%

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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