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$970,000

NAL Estimated Property Value

722 W Forest Dr, Houston, TX, 77079

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,238 Sq Ft
price_per_sqft$437.89 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Cooktop
FlooringCarpet, Tile, Wood

Exterior

Lot Size9,601 sqft

Building Information

Year Built1963
Stories1
Garage Spaces2

Land Information

APN0951110000006
Lot Number6
SubdivisionNottingham
Land UseResidential
Legal DescriptionLT 6 BLK 1 NOTTINGHAM SEC 1
Census Tract450200
Assessed Land Value$470,250
Assessed Improvement Value$384,696
Assessment Year2025

About this property

Beautifully remodeled traditional ranch in one of the area’s most desirable neighborhoods, just a short walk to the scenic trails of Terry Hershey Park. This home features an open-concept layout anchored by a spacious island kitchen (2020–2021). Major system upgrades include A/C (2022), 40 gallon water heater (2021), PEX plumbing, replaced sewer lines, and roof (2020). The bathrooms are beautifully appointed with double sinks and cabinetry along with fresh tile. Wood flooring, updated windows, Hardy Plank siding, custom built ins, recessed lighting, doors and trim enhance the understated beauty of this home. A Generac whole-house generator provides peace of mind. The recent large covered patio is perfect for relaxing or hosting gatherings year-round while the gated driveway provides extra security. Zoned to highly rated SBISD schools. All per Seller

Investor Tools

Property Icon
$970,000
Estimated Property Value
$581,882Estimated Mortgage Balance
$388,118Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,880 /month
Positive
Cash Flow Estimate:
$1,960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,048/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,729
$854,946
2025
$470,250
$384,696
$854,946
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,729
$854,946

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$636,000
No
First
Nov 5, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$581,882
$388,118
40%
60%
$3,814/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,730/mo
$5,014/mo
$-2,284/mo
3.4%

City: Houston

722 W Forest Dr | Property Details | No Agent List