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Days348Days on Market
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$115,000

$125,000

314 Forest Cove Drive, Houston, TX, 77339

On MarketInfo
Price DropInfo
Baths0 Bath
Baths2,883 Sq Ft

Highlights

Interior

Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size27,970 sqft

Building Information

Year Built1963
Stories1
Garage Spaces2

Land Information

APN0940290000009
Lot Number9
SubdivisionForest Cove U/R
Land UseResidential
Legal DescriptionLT 9 BLK 3 TR 1X ABST 611 M OWENS FOREST COVE SEC 1 U/R
Census Tract251100
Assessed Land Value$56,600
Assessed Improvement Value$708
Assessment Year2025

About this property

Vacant lot, over half and acre (.65) located in the Flood Plain. Beautiful Trees and a Circle Driveway. There is a Fence Surrounding a Previous Pool and a Slab where the previous Home was located. Located on a Very Quiet street and close to the Airport. Being Sold as is.

Investor Tools

$0Estimated Mortgage Balance
$124,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$744 /month
Positive
Cash Flow Estimate:
$248 /month

Interested in this property?

James Polomsky

Red Door Realty & Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$107/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$666
$57,308
2025
$56,600
$708
$57,308
No

Tax History

Year
Tax Paid
Assessed Value
2024
$666
$57,308

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$124,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$125/mo
+$2,545/mo
25.8%

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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314 Forest Cove Drive | Property Details | No Agent List