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$2,400

2215 Penny Derrick Ln, Houston, TX, 77055

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,613 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.49 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Vinyl

Exterior

Lot Size1,525 sqft

Building Information

Year Built2022
Garage Spaces1

Land Information

APN1445500010049
Lot Number49
Land UseResidential
Legal DescriptionLT 49 BLK 1 KOLBE PARK
Census Tract520601
Assessed Land Value$127,713
Assessed Improvement Value$194,984
Assessment Year2025

About this property

Experience elevated living in this 2023 built contemporary home in the heart of Spring Branch offering 3 bedrooms, 2 baths, and an open-concept floor plan. 2nd floor serves as the home's main living space, w/10-foot ceilings, abundant natural light, and seamless flow. The kitchen features white quartz countertops, shaker-style cabinetry, premium appliances, and an oversized island. Two secondary bedrooms are also located on this level. The first-floor primary retreat offers soaring ceilings, luxury vinyl plank floors, a spa-inspired bath with dual vanities, a freestanding soaking tub, a glass-enclosed shower with designer fixtures, and an expansive walk-in closet with custom built-ins. Outside your front door, enjoy incredible access to everything that makes Spring Branch one of Houston's most exciting places to live. Available for immediate move-in, this home offers the rare opportunity to enjoy 2023 construction paired with one of Houston's most vibrant and connected neighborhoods.

Investor Tools

$305,231Estimated Mortgage Balance
$63,769Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,214 /month
Positive
Cash Flow Estimate:
$738 /month

Interested in this property?

Matthew Labita

Compass RE Texas, LLC - Memorial

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,865
$322,697
2025
$127,713
$194,984
$322,697
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,865
$322,697

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$323,000
No
First
Jun 2, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$305,231
$63,769
17%
83%
$1,937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,937/mo
$-215/mo
5.6%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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2215 Penny Derrick Ln | Property Details | No Agent List