$245,000
NAL Estimated Property Value8234 Misty Ridge Ln, Houston, TX, 77071
Off Market
Property Lead Type:
Absentee Owner
Highlights
Interior
AppliancesDisposal, Electric Oven, Electric Range, Dishwasher
FlooringLaminate, Tile
Exterior
Lot Size5,001 sqft
Building Information
Year Built1979
Stories1
Garage Spaces2
Land Information
APN1136140000029
Lot Number29
SubdivisionSouthmeadow Patio Homes
Land UseResidential
Legal DescriptionLT 29 BLK 4 SOUTHMEADOW PATIO HOMES SEC 1
Census Tract423600
Assessed Land Value$52,250
Assessed Improvement Value$180,769
Assessment Year2025
About this property
Welcome to this beautifully cared-for home nestled on a quiet street in a well-established neighborhood. Inside, you’ll find an open and airy floor plan featuring spacious living and dining areas, a kitchen with plenty of storage, and generously sized bedrooms ideal for relaxation or working from home. The private backyard offers a great space for entertaining, gardening, or enjoying quiet evenings outdoors. With easy access to schools, shopping, and major highways, this home combines peaceful living with everyday convenience.
Investor Tools
$245,000
Estimated Property Value
$231,588Estimated Mortgage Balance
$13,412Estimated Equity
2% 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
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
$375/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,380
$233,019
2025
$52,250
$180,769
$233,019
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,380
$233,019
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$234,671
Yes
First
Aug 29, 2025
Sep 2055
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,588
$5,412
2%
95%
$1,407/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,782/mo
$-60/mo
8.4%
