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Owner Contacts

$300,000

NAL Estimated Property Value

3227 Falling Brook Dr, Houston, TX, 77345

Off Market

4 Beds

3 Bath

2,216 Sq Ft

Single Family Residence

$115.07 / sqft

Built in 1981

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher

Exterior

Lot Size8,228 sqft

Building Information

Year Built1981

Stories2

Garage Spaces2

Land Information

APN1147350140017

Lot Number17

SubdivisionGreentree Village

Land UseResidential

Legal DescriptionLT 17 BLK 14 GREENTREE VILLAGE SEC 2

Census Tract251504

Assessed Land Value$69,115

Assessed Improvement Value$211,861

Assessment Year2025

About this property

Welcome to this beautiful home in Greentree Village of Kingwood. The expansive living room offers real hardwood floors, custom built-in desk with storage, and a gas-log fireplace. Kitchen features plentiful cabinets, granite countertops with elegant backsplash, a large pantry and recently installed stainless steel appliances. Primary Bedroom up with two walk-in closet, double sinks. Dedicated Laundry room with storage and space for additional refrigerator. Spacious backyard offers mature landscaping. Detached two car garage and extra storage shed. Walking distance to neighborhood pool and the exemplary Greentree Elementary School & Park & Ride. NEVER FLOODED.

Investor Tools

$300,000

Estimated Property Value

$294,190Estimated Mortgage Balance

$5,810Estimated Equity

8% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,800 /month

Positive

Cash Flow Estimate:

$600 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$425/month

$450/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,603

$280,976

2025

$69,115

$211,861

$280,976

Tax History

Year

Tax Paid

Assessed Value

2024

$3,603

$280,976

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Newrez Llc

$306,650

Yes

First

Feb 6, 2024

Mar 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$294,190

$28,810

98%

$1,839/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,130/mo

$2,289/mo

+$841/mo

12.5%

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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