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$265,000

2511 Slippery Rock Dr, Sugar Land, TX, 77498

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,379 Sq Ft
price_per_sqft$192.17 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Lot Size6,614 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APN5785-01-013-0080-907
Lot Number8
SubdivisionPheasant Creek Sec 1
Land UseResidential
Legal DescriptionPHEASANT CREEK SEC 1, BLOCK 13, LOT 8
Census Tract672702
Assessed Land Value$29,640
Assessed Improvement Value$194,762
Assessment Year2025

About this property

READY FOR A QUICK MOVE IN: 1 story home located in the heart of Sugar Land offers the following interior features: tile floors, vaulted ceilings, spacious living with stone fireplace, exposed beam ceiling, and a seamlessly flow into the dining & kitchen areas. Step outside to a covered patio overlooking the privacy fenced backyard which a great space for a pool and garden area. This home has been thoughtfully updated for peace of mind w/numerous major improvements: Andersen double-pane tilt windows, upgraded electrical panel with whole-house surge protection, replaced gutters, masonry mortar repair, updated HVAC components, HVAC French drain, hard start kit, water heater timer, garage door opener, and a stainless Frigidaire convection range with Air Fry feature. Conveniently located near shopping, dining, parks, and major commuter routes, this move-in ready home offers exceptional value in an established Sugar Land neighborhood. Don't miss your opportunity to make it yours!

Investor Tools

$133,225Estimated Mortgage Balance
$105,057Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Vicki Miller

RE/MAX Opportunities

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$394/month
$352/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,543
$224,402
2025
$29,640
$194,762
$224,402
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,543
$224,402

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$152,150
No
First
Jan 13, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,225
$116,775
46%
56%
$913/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,265/mo
+$1,175/mo
12.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sugar Land

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