1view

Owner Contacts

$304,000

NAL Estimated Property Value

408 Possum Park Rd, Houston, TX, 77338

Off Market

2 Beds

1 Bath

1,368 Sq Ft

$193.71 / sqft

Built in 1950

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating

Exterior

Lot Size1 acre

Building Information

Year Built1950

Stories1

Garage Spaces2

Land Information

APN0441700000050

Lot Number13

SubdivisionJ P Donlin

Land UseResidential

Legal DescriptionLT 13 BLK 1 J P DONLIN ABST 695 J STRANGE

Census Tract250602

Assessed Land Value$9,910

Assessed Improvement Value$44,949

Assessment Year2025

About this property

Great, well located property with endless options located about a half mile from FM1960. Property includes house, out buildings, water well and electric service with mostly wooded 3 acres. The house is leased and the property is priced at land value only. An additional wooded acre (MLS#7670263) is available for purchase. Next door to Tour 18 Golf Course, 2 minutes from Old McDonalds Petting Zoo and various commercial establishments. Schools within 2 miles includes Humble High School, Ross Sterling Middle School, Lakeland Elementary School and Guy M. Sconzo Early College High School! 2.5 miles from I69, and about 10 min from Lake Houston. Quiet property with lots of pristine wooded land and Deer.

Investor Tools

$304,000

Estimated Property Value

$0Estimated Mortgage Balance

$304,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,824 /month

Positive

Cash Flow Estimate:

$608 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$183/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$678

$54,859

2025

$9,910

$44,949

$54,859

Tax History

Year

Tax Paid

Assessed Value

2024

$678

$54,859

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$280,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

N/A

+$1,307/mo

5.2%

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