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Owner Contacts

$235,459

7407 Water Park Ln, Houston, TX, 77086

Off Market

4 Beds

3 Bath

1,938 Sq Ft

Single Family Residence

$113.51 / sqft

Built in 1977

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Dishwasher, Refrigerator

FlooringTile

Exterior

Lot Size6,050 sqft

Building Information

Year Built1977

Stories1

Garage Spaces2

Land Information

APN1095890000035

Lot Number35

SubdivisionWillowood

Land UseResidential

Legal DescriptionLT 35 BLK 7 017*W3466200-006-007-035 WILLOWOOD SEC 6

Census Tract534002

Assessed Land Value$35,831

Assessed Improvement Value$199,628

Assessment Year2025

About this property

Buyers... Buyers... With so many options currently available to you, make sure you are getting the MOST SPACE for the LEAST DOLLAR. That value is exactly why you HAVE to see THIS HOUSE! Discover this stunning 1.5-story home perfectly situated for easy access to Hwy 249 and Beltway 8. This exceptional home has been completely renovated including all new floors - no carpet, fresh paint in the entire house, new doors and so much more to see yourself! The house offers 4 bedrooms and 3 full baths, including a rare TWO Primary Bedrooms layout—ideal for multi-generational living, in-law suite/ flex room. PLUS enjoy the versatility of a Double Living Area for separate entertaining, media, and relaxation zones. The community includes a Club House, pool, park and tennis courts open all year round. OH! And Epps Elementary (KLEIN ISD) is a 4 min walk!

Investor Tools

$235,459

Estimated Property Value

$216,003Estimated Mortgage Balance

$20,707Estimated Equity

8% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,413 /month

Positive

Cash Flow Estimate:

$471 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$336/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,855

$235,459

2025

$35,831

$199,628

$235,459

Yes (2023)

Tax History

Year

Tax Paid

Assessed Value

2024

$2,855

$235,459

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Fha

$216,003

Yes

First

Jan 16, 2026

Feb 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$214,752

$20,707

91%

$1,296/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,296/mo

+$930/mo

11.3%

Learn About the Market: Opportunity in Houston

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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.

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