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$228,000

NAL Estimated Property Value

806 Lyngrove Dr, Houston, TX, 77038

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,830 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$92.9 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,930 sqft

Building Information

Year Built1961
Stories1

Land Information

APN0912600000280
Lot Number280
SubdivisionHidden Valley
Land UseResidential
Legal DescriptionLT 280 BLK 2 HIDDEN VALLEY SEC 3
Census Tract533500
Assessed Land Value$55,569
Assessed Improvement Value$149,936
Assessment Year2025

About this property

**Charming Three-Bedroom Home in a Convenient Location** Welcome to this inviting three-bedroom, one-and-a-half-bathroom home. This single-story residence offers 1,830 square feet of potential and comfort, making it a fantastic opportunity for first-time homebuyers or investors looking to add value. As you enter, you'll find a spacious living area filled with natural light, perfect for family gatherings or quiet evenings at home. While the home does need some updating, it provides a solid foundation for your personal touch and vision. The expansive backyard presents an excellent opportunity for outdoor entertaining or gardening, making it a great space to enjoy the outdoors. With its prime location near Highway 45, commuting and access to local amenities are a breeze. This property is a blank canvas waiting for your creative ideas to transform it into the home of your dreams. Don’t miss out on this opportunity—schedule a viewing today and envision the possibilities!

Investor Tools

Property Icon
$228,000
Estimated Property Value
$185,314Estimated Mortgage Balance
$42,686Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$345/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$205,505
2025
$55,569
$149,936
$205,505
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$205,505

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Valley West Corporation
Conventional
$187,500
No
First
Sep 5, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,314
$53,686
22%
81%
$1,125/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,125/mo
+$597/mo
9.1%

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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806 Lyngrove Dr | Property Details | No Agent List