1Days on Market

4view

$204,000

2603 Tinas Terrace Dr, Houston, TX, 77038

On Market

Just Added

3 Beds

2 Bath

1,960 Sq Ft

Single Family Residence

$104.08 / sqft

Built in 2005

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range, Dishwasher

FlooringCarpet, Vinyl

Exterior

Lot Size7,645 sqft

Building Information

Year Built2005

Garage Spaces2

Land Information

APN1262850060033

Lot Number33

SubdivisionForestwood Amend

Land UseResidential

Legal DescriptionLT 33 BLK 6 FORESTWOOD SEC 3 AMEND

Census Tract533804

Assessed Land Value$34,220

Assessed Improvement Value$220,279

Assessment Year2025

About this property

What If Your Next Home Put The Airport, Downtown Houston, Shopping, Entertainment, And Outdoor Recreation All Within Easy Reach? Welcome To 2603 Tinas Terrace Dr, A Corner-Lot Home In North Houston That Gives You A Convenient Starting Point Wherever Your Day Takes You. Located Near Highway 249 And Beltway 8, This Property Makes Connecting To Houston Simple. George Bush Intercontinental Airport Is About 20 Minutes Away, Downtown Houston Is Roughly 23 Minutes Away, And You’re Also Convenient To Sam Houston Race Park And The Shopping And Dining Around The Willowbrook Area. When You Want A Break From The City, Kickerillo-Mischer Preserve Offers Trails, Fishing, And Outdoor Space Within Reach. And Right At Home, The Corner-Lot Position Gives The Property A More Open Setting Than The Typical Interior Lot. If You’ve Been Looking For A Home Where Location And Everyday Convenience Do A Lot Of The Heavy Lifting, 2603 Tinas Terrace Dr Deserves A Serious Look. Come See It Before It’s Gone!

Investor Tools

$62,320Estimated Mortgage Balance

$192,179Estimated Equity

75% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,527 /month

Positive

Cash Flow Estimate:

$509 /month

Interested in this property?

Kendell Liden

eXp Realty LLC

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$253/month

$600/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,768

$254,499

2025

$34,220

$220,279

$254,499

Tax History

Year

Tax Paid

Assessed Value

2024

$1,768

$254,499

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Decision One Mortgage Co Llc

Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)

$107,312

First

Nov 30, 2005

Dec 2035

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$62,320

$192,179

75%

24%

$804/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,404/mo

+$318/mo

8.1%

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