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$342,000

NAL Estimated Property Value

2218 Gray Falls Dr, Houston, TX, 77077

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,572 Sq Ft
price_per_sqft$202.29 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Oven
FlooringTile

Exterior

Lot Size6,299 sqft

Building Information

Year Built1975
Stories1
Garage Spaces2

Land Information

APN1052840000009
Lot Number9
SubdivisionSouthlake
Land UseResidential
Legal DescriptionLT 9 BLK 1 SOUTHLAKE
Census Tract451301
Assessed Land Value$94,500
Assessed Improvement Value$166,912
Assessment Year2025

About this property

Well maintained and updated single story 3/2 home sited in the middle of West Houston’s Southlake community. Easy entertaining flow from dining and family rooms through the breakfast and updated kitchen areas. Attractive wood-look tile flooring through-out home, including all three bedrooms. Generously sized primary bedroom with ensuite bath has access to secluded private patio. Professional landscaping enhances the home’s front elevation and offers appealing back yard living. Updates include recent hot water heater, garage door opener, insulation & ductwork, electrical panel, whole house surge protection, sewer lines and windows. Property is part of the South Briar Community Association: Residents enjoy a clubhouse, pool, tennis/pickleball courts, playground and park. Conveniently located in the Energy Corridor, close to I-10, Beltway 8, & City Centre. Short distance to great shopping & popular restaurants. All info is per Seller.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$266,521Estimated Mortgage Balance
$75,479Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$211/month
$690/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$826
$261,412
2025
$94,500
$166,912
$261,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$826
$261,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$285,000
No
First
Nov 21, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,521
$58,479
17%
78%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,399/mo
$-169/mo
7.8%

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.

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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2218 Gray Falls Dr | Property Details | No Agent List