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$270,000

NAL Estimated Property Value

2615 Forest Ridge Dr, Missouri City, TX, 77459

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.03 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Lot Size9,410 sqft

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4960-01-006-0300-907
Lot Number3
SubdivisionMeadowcreek Sec 1
Land UseResidential
Legal DescriptionMEADOWCREEK SEC 1, BLOCK 6, LOT 3
Census Tract671102
Assessed Land Value$37,050
Assessed Improvement Value$232,950
Assessment Year2025

About this property

Elegantly designed in the traditional ranch style, this home boasts a central atrium that seamlessly connects breakfast, living & primary rooms. The bathrooms offer individually framed mirrors, adding a touch of sophistication. An inviting brick fireplace in the living room creates an ambiance conducive to meaningful conversations & cherished company. The living room offers a versatile corner counter that can be utilized as either a coffee bar or drink station for social occasions. The U-shaped kitchen layout streamlines culinary activities, ensuring convenience & efficiency. Adjacent to the kitchen, the breakfast nook features built-in seating bathed in ample natural light, ready to be adorned with your choice of seasonal cushions. For parking convenience, a lengthy driveway accommodates 5 to 6 vehicles, the exact number depending on their size. The driveway leads to a detached two-car garage. Notably, essential appliances, including a washer, dryer, and refrigerator, are included.

Investor Tools

Property Icon
$270,000
Estimated Property Value
$262,410Estimated Mortgage Balance
$7,590Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$447/month
$180/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,010
$270,000
2025
$37,050
$232,950
$270,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,010
$270,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Va
$275,805
Yes
First
Sep 28, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$262,410
$7,590
2%
97%
$1,654/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,834/mo
+$746/mo
11.5%

City: Missouri City

2615 Forest Ridge Dr | Property Details | No Agent List