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$245,000

7723 Folkstone Ln, Houston, TX, 77075

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,327 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$105.43 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,299 sqft

Building Information

Year Built1964
Garage Spaces2

Land Information

APN0941930000010
Lot Number10
SubdivisionGulf Meadows
Land UseResidential
Legal DescriptionLT 10 BLK 7 GULF MEADOWS SEC 1
Census Tract333801
Assessed Land Value$56,448
Assessed Improvement Value$163,272
Assessment Year2025

About this property

A hidden GEM in ***Gulf Meadows***, Nice home with LARGER yard and seasoned trees, this quaint neighborhood, is in a prime location and this little BEAUTY is priced to move, needs little TLC, has brand NEW carpet, some touchups have also been done. This 3 bedroom 2 bath home has larger rooms and also very nice back yard with covered patio. Call us TODAY and don't miss out!!

Investor Tools

Property Icon
$245,000
Estimated Property Value
$191,468Estimated Mortgage Balance
$48,451Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$482/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,563
$219,720
2025
$56,448
$163,272
$219,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,563
$219,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$191,468
Yes
First
May 3, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,369
$33,631
15%
76%
$1,236/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,236/mo
+$486/mo
8.4%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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7723 Folkstone Ln | Property Details | No Agent List