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$251,071

502 Fall Creek Dr, Houston, TX, 77336

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,776 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.69 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Free-Standing Range, Dishwasher, Oven
FlooringTile

Exterior

Lot Size17,006 sqft

Building Information

Year Built1975
Stories2
Garage Spaces6

Land Information

APN0842130000157
Lot Number158
SubdivisionLakewood Heights
Land UseResidential
Legal DescriptionLT 158 & TR 157 BLK 4 LAKEWOOD HEIGHTS SEC 1
Census Tract251701
Assessed Land Value$88,310
Assessed Improvement Value$162,761
Assessment Year2025

About this property

2 lots, with a home, detached garage and barn. Room to grow on this unique parcel. The home offers a full bath downstairs with a bonus room that can be used as a bedroom. Zoned air & heat. The garage is setup as a workshop and the barn is a bonus. The back yard features a Koy pond for your entertainment.

Investor Tools

Property Icon
$251,071
Estimated Property Value
$225,834Estimated Mortgage Balance
$35,127Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,725
$251,071
2025
$88,310
$162,761
$251,071
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,725
$251,071

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Florida Capital Bank Na
Fha
$225,834
Yes
First
Dec 12, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,944
$37,056
14%
86%
$1,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,654/mo
+$68/mo
8.2%

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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502 Fall Creek Dr | Property Details | No Agent List