$200,000
602 Nest Ln, Houston, TX, 77022
On Market
Just Added
Property Lead Type:
BankruptcyPre-ForeclosureAbsentee Owner
Highlights
Interior
Exterior
Lot Size8,503 sqft
Building Information
Year Built1955
Stories1
Garage Spaces2
Land Information
APN0841280000001
Lot Number1
SubdivisionGlenburnie
Land UseResidential
Legal DescriptionLT 1 BLK 13 GLENBURNIE SEC 3
Census Tract530501
Assessed Land Value$110,025
Assessed Improvement Value$82,113
Assessment Year2025
About this property
Charming 3 bedroom, 2 bath home in Houston on a spacious .19-acre lot. Built in 1955, this property offers a functional floor plan, a two-car garage, and a huge backyard deck perfect for outdoor entertaining, relaxing, or enjoying gatherings with family and friends. A great opportunity for buyers looking for space, character, and a large outdoor area. Near shopping and great restaurants.
Investor Tools
$165,125Estimated Mortgage Balance
$27,013Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$80/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4
$192,138
2025
$110,025
$82,113
$192,138
No
Tax History
Year
Tax Paid
Assessed Value
2024
$4
$192,138
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
One Reverse Mortgage Llc
Reverse Mortgage / Hecm
$201,000
No
First
Jun 12, 2017
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,125
$27,013
14%
86%
$1,031/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,031/mo
+$1,195/mo
13.9%
