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$79,900

302 Waterfall Drive, Huffman, TX, 77336

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths1,008 Sq Ft

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size35,628 sqft

Building Information

Year Built1940
Stories1
Garage Spaces3

Land Information

APN0974650000220
Lot Number220-222
SubdivisionWater Wonderland U/R
Land UseResidential
Legal DescriptionLTS 220 221 & 222 WATER WONDERLAND U/R
Census Tract251701
Assessed Land Value$108,286
Assessed Improvement Value$5,380
Assessment Year2025

About this property

This unique property includes three lots totaling nearly 3/4 of an acre and features a spacious 720 sq. ft. garage along with a private water well. Nestled on a tributary of Lake Houston, the location offers excellent fishing, peaceful waterfront surroundings, and access to a nearby neighborhood park. Mature trees provide shade and natural beauty throughout the property, creating the perfect setting for a weekend retreat, future home, or investment opportunity. Please note the property is located in the 100-year floodplain, so new construction would require building on piers.

Investor Tools

Property Icon
$180,000
Estimated Property Value
$0Estimated Mortgage Balance
$180,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

Interested in this property?

Velma Ellison

Alliance Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$182/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,281
$113,666
2025
$108,286
$5,380
$113,666
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,281
$113,666

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$180,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
8.7%

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.

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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: Huffman

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302 Waterfall Drive | Property Details | No Agent List