B+

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Owner Contacts

$530,000

NAL Estimated Property Value

3011 Terrace Hills Ln, Houston, TX, 77007

Off Market

3 Beds

3 Bath

2,595 Sq Ft

Condos / Townhouses

$154.1 / sqft

Built in 2002

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Tile, Wood

Exterior

Lot Size1,651 sqft

Building Information

Year Built2002

Garage Spaces2

Land Information

APN1220910020017

Lot Number17

SubdivisionMemorial Heights Amend

Land UseResidential

Legal DescriptionLT 17 BLK 2 MEMORIAL HEIGHTS SEC 9 AMEND

Census Tract510201

Assessed Land Value$145,937

Assessed Improvement Value$351,147

Assessment Year2025

About this property

Beautiful Rice Military townhome is ready for you to call home! This meticulously maintained house has an ideal floor plan. The first floor has a spacious secondary bedroom with an ensuite bathroom. The second level features an open concept with island kitchen, walk-in pantry, dining and living room. The third floor includes the primary suite with high ceilings and double vanity bath, plus the third bedroom suite. All bedrooms are generously sized with crown molding and their own walk-in closets. Tons of storage with an additional closet on each level. Updated granite counters throughout. HVAC replacement 2016. Memorial Heights Sec 9 is a wonderful, quiet community where neighbors are often seen walking with their dogs and/or young ones. Lots of amenities nearby including the new HEB, Buffalo Bayou/White Oak trails, and easy access to downtown and major freeways. NO FLOODING.

Investor Tools

$530,000

Estimated Property Value

$285,422Estimated Mortgage Balance

$244,578Estimated Equity

51% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,180 /month

Positive

Cash Flow Estimate:

$1,060 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$442/month

$1,100/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,650

$497,084

2025

$145,937

$351,147

$497,084

Tax History

Year

Tax Paid

Assessed Value

2024

$2,650

$497,084

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Network Funding Lp

Unknown

$316,800

First

Mar 5, 2021

Apr 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$285,422

$305,578

51%

54%

$1,900/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$3,000/mo

$-420/mo

5.8%

Learn About the Market: Opportunity in Houston

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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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