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$223,000

21507 Old Ranch Rd, Houston, TX, 77073

SoldInfo
7/17/26
Beds3 Beds
Baths2 Bath
Baths1,488 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.21 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Oven, Refrigerator, Washer
FlooringTile

Exterior

Lot Size7,314 sqft

Building Information

Year Built1995
Stories1
Garage Spaces2

Land Information

APN1139250000002
Lot Number2
SubdivisionMemorial Hills
Land UseResidential
Legal DescriptionLT 2 BLK 16 MEMORIAL HILLS SEC 3
Census Tract240802
Assessed Land Value$42,891
Assessed Improvement Value$176,663
Assessment Year2025

About this property

Investor Opportunity – This turn-key 3-bedroom, 2-bathroom home is a standout addition to any portfolio. Ideally located with no back neighbors, the property backs up to a serene greenbelt, offering added privacy and a peaceful atmosphere. The interior features high ceilings and an abundance of natural light, creating a "light and bright" feel throughout. A standout feature is the covered patio located behind the detached garage, providing a shaded space for family gatherings and outdoor socializing. With a solid brick exterior, a functional floor plan with a fireplace, and a generous lot, this property combines long-term value with immediate rental income. Excellent location in the 77073 area with easy access to major highways. Truly a "hands-off" investment in a high-demand market!

Investor Tools

Property Icon
$223,000
Estimated Property Value
$0Estimated Mortgage Balance
$223,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$249/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,877
$219,554
2025
$42,891
$176,663
$219,554
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,877
$219,554

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$224,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$450/mo
+$1,272/mo
9.3%

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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21507 Old Ranch Rd | Property Details | No Agent List