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$342,000

NAL Estimated Property Value

8314 Terrace Wind Dr, Houston, TX, 77040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,055 Sq Ft
price_per_sqft$107.06 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee 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, Electric Oven, Oven, Microwave, Electric Range, Free-Standing Range
FlooringTile, Vinyl

Exterior

Lot Size6,303 sqft

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN1135350000021
Lot Number21
SubdivisionPatio Homes Of
Land UseResidential
Legal DescriptionLT 21 BLK 3 PATIO HOMES OF WINDFERN GARDENS SEC 1
Census Tract534205
Assessed Land Value$65,606
Assessed Improvement Value$226,401
Assessment Year2025

About this property

Highly desired area, very close to the Beltway 8, shopping near-by. Homes sell within 10-15 days. This home is 2055 sq ft 3/2/2 (covered carport attached to home-with storage area.), plus! PLUS! Open concept with two extra rooms, designating one as game room & one as a media, could be extra sleeping or bedrooms. New vinyl plank flooring, painted inside & out, 5 ton a/c installed~inside & in attic (total system) in 2012. Water heater 2012. Comes with a home warranty for 1 yr. up to $650. Has fig, mandarin orange, nectarine & banana trees, all fruit bearing, including pineapples. Has large formal dining rm, with a pass thru from kitchen which has granite countertops. Primary suite has walk-in 10'x8' closet. Both bathrms remodeled in 2012. uniquely tiled. Spacious home, wood burning fireplace. utility in home with cabinets, pantry in kitchen. Sit down bar area~dinette adjacent. Remodeled cabinets in kitchen. Very quiet area, good neighbors. Move-in ready. Room sizes approximate

Investor Tools

Property Icon
$342,000
Estimated Property Value
$130,142Estimated Mortgage Balance
$211,858Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$154/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$134
$292,007
2025
$65,606
$226,401
$292,007
No

Tax History

Year
Tax Paid
Assessed Value
2024
$134
$292,007

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Conventional
$145,600
No
First
Nov 13, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,142
$203,858
61%
38%
$873/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,298/mo
+$424/mo
6.0%

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.

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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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8314 Terrace Wind Dr | Property Details | No Agent List