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$127,000

28303 Lazy Rock Dr, Houston, TX, 77336

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.90 acres

Land Information

APN1317980010002
Lot Number2
SubdivisionCommons At Waterway
Land UseResidential
Legal DescriptionLT 2 BLK 1 COMMONS AT WATERWAY SEC 3
Census Tract251600
Assessed Land Value$126,997
Assessment Year2025

About this property

Build your Dream home in this Beautiful 1.9 acre homesite in The Commons of Lake Houston! Located in the Waterway section of The Commons. No flooding here. Horses allowed. Lower tax rate, only 2.68% Enjoy the Communities 30 miles of Nature Trails, 2 Nature Parks, community swimming pool, fishing piers, boat launches and picnic facilities. Close proximity to the new Grand Parkway/99 for easy commute.

Investor Tools

Property Icon
$127,000
Estimated Property Value
$63,000Estimated Mortgage Balance
$68,716Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$762 /month
Positive
Cash Flow Estimate:
$254 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$166/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,354
$126,997
2025
$126,997
N/A
$126,997
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,354
$126,997

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Beacon Fcu
Conventional
$63,000
No
First
May 31, 2022
Jun 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,284
$71,716
55%
46%
$378/mo

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.

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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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28303 Lazy Rock Dr | Property Details | No Agent List