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Street View

$214,000

NAL Estimated Property Value

2234 Cobble Creek Drive, Houston, TX, 77073

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,794 Sq Ft
price_per_sqft$111.43 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Tile

Exterior

Lot Size9,679 sqft

Building Information

Year Built1970
Stories1
Garage Spaces2

Land Information

APN1020780000001
Lot Number1
SubdivisionMemorial Hills
Land UseResidential
Legal DescriptionLT 1 BLK 3 MEMORIAL HILLS SEC 1
Census Tract240802
Assessed Land Value$44,335
Assessed Improvement Value$126,779
Assessment Year2025

About this property

Discover the potential of this conveniently situated home within the sought-after Memorial Hills subdivision, offered as-is and ripe for renovation. Boasting 3 bedrooms and 2 baths, this residence offers a flexible layout. With a formal living and dining combination, one of the rooms can easily be transformed into a 4th bedroom, providing adaptable space to suit your lifestyle. Relax or entertain in the cozy family room with a welcoming fireplace. Step outside to find a generous backyard, offering ample room for outdoor enjoyment, gardening projects, or even the possibility of your own personal retreat. Schedule a showing today. NOTE: Seller is a licensed realtor. | The shelving that you'll see on the garage floor are the cabinet doors for the kitchen.

Investor Tools

Property Icon
$214,000
Estimated Property Value
$183,172Estimated Mortgage Balance
$30,828Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,284 /month
Positive
Cash Flow Estimate:
$428 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$198/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,306
$171,114
2025
$44,335
$126,779
$171,114
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,306
$171,114

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$190,000
No
First
May 3, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,172
$30,828
14%
86%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,440/mo
+$282/mo
9.7%

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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2234 Cobble Creek Drive | Property Details | No Agent List