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$254,900

7931 Midland Forest Drive, Houston, TX, 77088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.49 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringTile, Vinyl

Exterior

Lot Size7,671 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1131180000008
Lot Number8
SubdivisionInwood North
Land UseResidential
Legal DescriptionLT 8 BLK 4 INWOOD NORTH SEC7
Census Tract532700
Assessed Land Value$55,539
Assessed Improvement Value$199,361
Assessment Year2025

About this property

Your opportunity to live in arguably one of the best sections: Inwood Club Estates! Impeccably maintained & upgraded by original owner. Vaulted ceilings, freshly painted wood paneling & gorgeous wood-look flooring immediately catch your eye in this 3 bed, 2 bath single-story home. Gorgeous millwork: high baseboards & intricate trim surrounds doors. Striking mantle & brick surround highlights gas fireplace in the heart of the home. Flanked by low-E windows overlooking the covered paved patio, back left hallway leads to comfortable secondary bedrooms & full bathroom. Lg kitchen w/extensive granite countertops & island, double ovens, handsome cabinetry & hardware, breakfast bar. Generous primary bedroom suite + TWO walk-in closets in remodeled primary bath. Washer/Dryer neg. One of the largest lots nestled in this quaint cul-de-sac neighborhood; irrigated garden. Upgraded pipes, insulation & solar barrier. 2-car garage! High & dry OUT of the flood zone. Take advantage of LOW ins. rates!

Investor Tools

Property Icon
$254,900
Estimated Property Value
$0Estimated Mortgage Balance
$17,091Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$479
$254,900
2025
$55,539
$199,361
$254,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$479
$254,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ally Bank
Conventional
$245,100
No
First
Sep 12, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,809
$17,091
6%
93%
$1,470/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,845/mo
$-123/mo
8.1%

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.

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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7931 Midland Forest Drive | Property Details | No Agent List