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$247,000

NAL Estimated Property Value

311 Blue Tail Dr, Houston, TX, 77336

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,815 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.97 / sqft
Year BuiltBuilt in 1978

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 Range, Dishwasher
FlooringTile, Wood

Exterior

Lot Size7,148 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1048660000009
Lot Number9
SubdivisionLakewood Heights
Land UseResidential
Legal DescriptionLT 9 BLK 34 LAKEWOOD HEIGHTS SEC 5
Census Tract251701
Assessed Land Value$43,168
Assessed Improvement Value$174,216
Assessment Year2025

About this property

Charming 3 bedroom 2 bath home with an extra room! AC recently replaced including duct work and w/10 year transferable warranty. Additional room could be used for a 4th bedroom, office, game room or more living space, entrance from living room and front porch area. Front porch entry has a gate for added security. Living room has high ceiling and a fireplace. Room for lots of furniture. The 3 bedrooms also has plenty of space for large furniture.Tile and laminate floors, no carpet. Kitchen has gas stove and galley style with lots of storage, including the laundry room with cabinets. Except for extra room recent paint and cosmetic updates throughout. A 2 car detached garage has ample space. Back yard large enough to add a pool. Also has a separate storage shed. Back yard is already fenced. Patio has nice layout for outdoor grill and patio furniture. Generator is in need of minor repair and included with house. Easy access to local school and FM 1960 and not far from Lake Houston.

Investor Tools

Property Icon
$247,000
Estimated Property Value
$236,234Estimated Mortgage Balance
$10,766Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$253/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,801
$217,384
2025
$43,168
$174,216
$217,384
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,801
$217,384

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Conventional
$235,653
No
First
Sep 23, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,234
$6,766
2%
96%
$1,460/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,760/mo
$-38/mo
8.4%

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.

Explore Texas Explore This Area
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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311 Blue Tail Dr | Property Details | No Agent List