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$310,000

8215 Schaffer Ln, Houston, TX, 77070

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,976 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.88 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Gas Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size9,688 sqft

Building Information

Year Built1972
Garage Spaces2

Land Information

APN1034710000004
Lot Number4
SubdivisionPrestonwood Forest
Land UseResidential
Legal DescriptionLT 4 BLK 3 PRESTONWOOD FOREST SEC 1
Census Tract552702
Assessed Land Value$69,830
Assessed Improvement Value$223,708
Assessment Year2025

About this property

Recently remodeled 1-story traditional-style home in the highly desirable Prestonwood Forest community. Excellent location, minutes to shopping centers, medical centers, and restaurants, with easy access to 249, 99, and Beltway 8! Inside, you'll find wood-look tile floors, fresh paint, beautifully painted wood paneling, and crown molding. Enjoy a large living room with a wood-burning fireplace and a large family/game room for entertaining. The beautiful kitchen flows between the dining room and living room. Both bathrooms are updated with modern style. Cute breakfast nook overlooking the huge backyard! Custom Christmas lights and decorations stay, along with the refrigerator, washer & Dryer!. New roof (2021), New Pex Pipes throughout (2022), New AC with ductwork (2019). Homeowner is downsizing, and furniture in the garage is negotiable or will be removed before closing.

Investor Tools

$134,790Estimated Mortgage Balance
$158,748Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

Interested in this property?

Christine Roberts

Key 2 Texas Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$289/month
$648/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,000
$293,538
2025
$69,830
$223,708
$293,538
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,000
$293,538

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Conventional
$157,675
No
First
May 9, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,790
$158,748
54%
46%
$946/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$1,594/mo
+$526/mo
8.7%

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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