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$257,000

NAL Estimated Property Value

7313 Lee Dr, Forest Hill, TX, 76140

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,423 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.71 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range

Exterior

Lot Size10,306 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN17800-20-8
Lot Number8
SubdivisionHeritage Heights Addition
Land UseResidential
Legal DescriptionHERITAGE HEIGHTS ADDITION BLOCK 20 LOT 8
Census Tract111102
Assessed Land Value$45,309
Assessed Improvement Value$187,486
Assessment Year2025

About this property

Buyer could not obtain Finacing. Repairs have been completed and home met value! Welcome to this charming 3-bedroom, 2-bath home in Forest Hill offering comfort, character, and convenience. Step inside to find a warm and inviting living area featuring a cozy fireplace—perfect for relaxing evenings or gathering with family and friends. The home offers a functional layout with spacious bedrooms, plenty of natural light, and a comfortable flow throughout. The kitchen provides ample cabinet and counter space for everyday living and entertaining. Conveniently located near shopping, dining, parks, and major highways, this home is a great opportunity for first-time buyers, growing families, or anyone looking for a place to make their own. Don’t miss your chance to call this Forest Hill gem home!

Investor Tools

Property Icon
$257,000
Estimated Property Value
$159,051Estimated Mortgage Balance
$97,949Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$562/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,454
$232,795
2025
$45,309
$187,486
$232,795
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,454
$232,795

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Stand Alone Second / Subordinate Position
$8,542
No
First
Sep 18, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,051
$100,949
38%
62%
$1,077/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$1,077/mo
+$923/mo
9.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Forest Hill

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7313 Lee Dr | Property Details | No Agent List