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Owner Contacts

$301,243

NAL Estimated Property Value

727 Redway Ln, Houston, TX, 77062

Off Market

4 Beds

2 Bath

1,609 Sq Ft

$192.67 / sqft

Built in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher

Exterior

Private Pool

Lot Size10,102 sqft

Building Information

Year Built1969

Stories1

Garage Spaces2

Land Information

APN1003350000016

Lot Number16

SubdivisionCamino South

Land UseResidential

Legal DescriptionLT 16 BLK 25 CAMINO SOUTH SEC 3 R/P

Census Tract340701

Assessed Land Value$54,063

Assessed Improvement Value$247,180

Assessment Year2025

About this property

Hidden Gem in the heart of Clear Lake!!! This remodeled 4 bedroom, 2 bath, 2 car garage with a huge pool is an amazing find for you . Entry way offers brand new vinyl plank flooring (2023) through out main areas of home and new carpet (2023) in bedrooms. Bathrooms have been remodeled with new tile (2023) and refinished epoxy tubs liners. Kitchen offers stainless steel appliances, quartz counter tops (2023) and refrigerator is included. The open living area has beautiful electric fireplace and high ceilings, but the prize winner is the oasis in your backyard. Pool has been retiled and re-plastered (2023) with gorgeous landscaping with palapa for all your outdoor entertainment! Come Check out this home before its gone!

Investor Tools

$301,243

Estimated Property Value

$295,328Estimated Mortgage Balance

$5,915Estimated Equity

1% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,860 /month

Positive

Cash Flow Estimate:

$620 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$414/month

$100/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,457

$301,243

2025

$54,063

$247,180

$301,243

Tax History

Year

Tax Paid

Assessed Value

2024

$3,457

$301,243

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cardinal Financial Company Lp

Fha

$299,475

Yes

First

Jul 27, 2023

Aug 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$295,328

$5,915

98%

$1,868/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,968/mo

+$258/mo

8.9%

Learn About the Market: Opportunity in Houston

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