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$203,882

NAL Estimated Property Value

3231 Trail Lake Dr, Houston, TX, 77045

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,119 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.64 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range, Dishwasher, Refrigerator
FlooringVinyl

Exterior

Lot Size5,201 sqft

Building Information

Year Built1972
Stories1
Garage Spaces1

Land Information

APN1041940000006
Lot Number6
SubdivisionGlen Iris
Land UseResidential
Legal DescriptionLT 6 BLK 6 GLEN IRIS SEC 1
Census Tract330101
Assessed Land Value$57,200
Assessed Improvement Value$146,682
Assessment Year2025

About this property

WOW! This beautiful brick home was completely remodeled with gorgeous modern finishes. 3 bedrooms, 2 full baths and 1 car garage has everything your family needs at a fantastic price! Kitchen has stainless appliances, shaker style cabinets & granite counters. Bathrooms have matching finishes. Luxury Vinyl Plank flooring thoughout- no carpet! Roof, HVAC & windows all replaced in 2020! Fully fenced yard, concrete patio in back.

Investor Tools

Property Icon
$203,882
Estimated Property Value
$192,160Estimated Mortgage Balance
$11,722Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,223 /month
Positive
Cash Flow Estimate:
$408 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$385/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,605
$203,882
2025
$57,200
$146,682
$203,882
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,605
$203,882

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$199,323
Yes
First
May 29, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,160
$11,722
5%
94%
$1,196/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,196/mo
+$526/mo
10.1%

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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3231 Trail Lake Dr | Property Details | No Agent List