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$254,574

2011 Waterelm Dr, Houston, TX, 77084

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,595 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.74 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Free-Standing Range, Gas Range, Oven
FlooringTile

Exterior

Lot Size6,826 sqft

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APN1113690000077
Lot Number77
SubdivisionMayde Creek Farms
Land UseResidential
Legal DescriptionLT 77 BLK 1 MAYDE CREEK FARMS SEC 1
Census Tract541703
Assessed Land Value$61,493
Assessed Improvement Value$193,081
Assessment Year2025

About this property

Come see this beautifully updated and open floor-plan home featuring 3 bedrooms, 2 bathroom, upgrades include light fixtures, fully renovated bathroom, granite counter tops, covered patio, fresh paint throughout the interior and exterior. The backyard has been updated and features concrete/tile pavers lined with gray pebble rocks. It has a modern and low maintenance feel! Click to video icon.

Investor Tools

Property Icon
$254,574
Estimated Property Value
$238,095Estimated Mortgage Balance
$21,028Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,527 /month
Positive
Cash Flow Estimate:
$509 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$370/month
$525/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,163
$254,574
2025
$61,493
$193,081
$254,574
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,163
$254,574

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nfm Inc
Fha
$238,095
Yes
First
Apr 8, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,546
$21,028
8%
92%
$1,428/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,953/mo
+$87/mo
9.6%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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2011 Waterelm Dr | Property Details | No Agent List