$349,000
3211 Double Lake Dr, Missouri City, TX, 77459
On Market
Just Added
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDisposal, Gas Oven, Free-Standing Range, Gas Range, Dishwasher, Dryer, Oven, Refrigerator, Washer
FlooringTile
Exterior
Lot Size7,724 sqft
Building Information
Year Built1986
Stories2
Roof Type105
Garage Spaces2
Land Information
APN4752-02-001-0110-907
Lot Number11
SubdivisionLake Colony Sec 2
Land UseResidential
Legal DescriptionLAKE COLONY SEC 2, BLOCK 1, LOT 11
Census Tract674302
Assessed Land Value$61,776
Assessed Improvement Value$273,989
Assessment Year2025
About this property
Beautiful 2-story waterfront home in Lake Colony featuring 4 bedrooms, 2.5 baths, and a spacious open-concept layout. Enjoy scenic lake views, a remodeled kitchen with quartz countertops and upgraded appliances, a large primary suite, wood deck, mature trees, and a 2-car garage. Conveniently located near parks, trails, shopping, and dining.
Investor Tools
$197,075Estimated Mortgage Balance
$168,522Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$367/month
$835/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,580
$335,765
2025
$61,776
$273,989
$335,765
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,580
$335,765
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kermit A Pittman & Spouse, Bonnie M Pitt
Stand Alone First / Home Equity First Lien
$200,000
No
First
Aug 29, 2025
Sep 2026
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,075
$168,925
46%
54%
$1,200/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,035/mo
+$1,305/mo
11.0%
