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Owner Contacts

$243,000

NAL Estimated Property Value

8315 Terrace Wind Dr, Houston, TX, 77040

Off Market

4 Beds

2 Bath

1,785 Sq Ft

Single Family Residence

$137.25 / sqft

Built in 1978

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Dryer, Refrigerator, Washer

FlooringLaminate, Tile

Exterior

Lot Size5,902 sqft

Building Information

Year Built1978

Stories1

Garage Spaces2

Land Information

APN1135360000010

Lot Number10

SubdivisionPatio Homes Of

Land UseResidential

Legal DescriptionLT 10 BLK 4 PATIO HOMES OF WINDFERN GARDENS SEC 1

Census Tract534205

Assessed Land Value$65,128

Assessed Improvement Value$160,393

Assessment Year2025

About this property

Price just Reduced! Start your next chapter in this beautifully updated home in quiet and peaceful Windfern Gardens! This one-story patio home offers a private oasis with a surrounding brick wall. Featuring a 4th bedroom perfect for a nursery, home office, game room, craft room or exercise studio, the interior boasts new fresh paint and granite kitchen counters. High ceilings add to the sense of space. Outside, enjoy the shade of a majestic oak tree in the front yard and relax on the side covered patio, with French doors to the living room. Full sprinkler system covers front, back and sides. The carport/garage offers a full wall of storage closets. Another set of French doors leads from the carport area into the breakfast room and kitchen. With an extremely convenient location near Beltway 8 and 290, this home is move-in ready for you to make it your own!

Investor Tools

$243,000

Estimated Property Value

$233,722Estimated Mortgage Balance

$9,278Estimated Equity

3% 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

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$230/month

$460/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,541

$225,521

2025

$65,128

$160,393

$225,521

Tax History

Year

Tax Paid

Assessed Value

2024

$1,541

$225,521

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Unknown

$234,740

First

Feb 20, 2026

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$233,722

$9,278

96%

$1,408/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,868/mo

$-146/mo

8.5%

Learn About the Market: Opportunity in Houston

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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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