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$367,000

NAL Estimated Property Value

2216 Penny Derrick Ln, Houston, TX, 77055

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,608 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.74 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Gas Oven, Microwave, Electric Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,568 sqft

Building Information

Year Built2022
Garage Spaces1

Land Information

APN1445500010035
Lot Number35
Land UseResidential
Legal DescriptionLT 35 BLK 1 KOLBE PARK
Census Tract520601
Assessed Land Value$128,087
Assessed Improvement Value$200,634
Assessment Year2025

About this property

All appliances & blinds installed, MOVE IN READY! Outstanding opportunity brought to you by the coveted building firm, City Choice Homes within a secure & gated community, Kolbe Park in Spring Branch. Timeless 2-level residence consists of 3 bedrooms, 2.5 baths & an open living concept that allows for effortless flow between the home’s spaces. Exceptional island kitchen features white quartz countertops, shaker cabinetry & top tier appliances that opens to a dining & living areas w 10’ ceilings & sliding doors to a private yard w turf. Ascend to the second level to find the primary suite, 2 guest rooms & utility room. A grand primary bedroom with high 10' ceilings & hardwoods throughout consists of an elongated vanity with double sinks, a sleek freestanding soaking tub, glass enclosed shower with designer plumbing fixtures & tremendous walk-in closet with built-ins. Two sizable guest suites with walk-in closets are accommodated by a bathroom with tub/shower combo clad in porcelain.

Investor Tools

Property Icon
$367,000
Estimated Property Value
$281,190Estimated Mortgage Balance
$85,810Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,202 /month
Positive
Cash Flow Estimate:
$734 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$413/month
$1,800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,120
$328,721
2025
$128,087
$200,634
$328,721
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,120
$328,721

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Affinity Llc
Conventional
$292,145
No
First
Apr 11, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,190
$62,810
18%
77%
$1,752/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,552/mo
$-1,830/mo
5.6%

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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2216 Penny Derrick Ln | Property Details | No Agent List