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Days1557Days on Market
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$269,000

8422 Lanewood Dr, Houston, TX, 77016

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,017 Sq Ft
price_per_sqft$133.37 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size4,199 sqft

Building Information

Year Built2021
Garage Spaces1

Land Information

APN1453350010001
Lot Number1
Land UseResidential Single Family
Legal DescriptionLT 1 BLK 1 LANEWOOD COURT
Census Tract230300
Assessed Land Value$41,748
Assessed Improvement Value$245,700
Assessment Year2025

About this property

Modern style meets incredible potential in this fairly new two-story home just minutes from Downtown. Featuring a bright, open-concept layout with contemporary finishes, this home offers spacious living areas, generous bedrooms, and abundant natural light. A gated driveway provides added privacy and security, while the modern design creates the perfect canvas to make it your own. The home is priced with opportunity in mind and needs new flooring, making it an excellent option for buyers looking to add their personal touch and build instant equity. Conveniently located near major freeways, dining, entertainment, and all that Downtown has to offer, this is a fantastic chance to own a modern home in a desirable location.

Investor Tools

$249,103Estimated Mortgage Balance
$38,345Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,725 /month
Positive
Cash Flow Estimate:
$575 /month

Interested in this property?

Lauren Miller

GableWay Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$720/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,200
$287,448
2025
$41,748
$245,700
$287,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,200
$287,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$270,750
No
First
Apr 15, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,103
$38,345
13%
87%
$1,624/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,624/mo
+$98/mo
7.2%

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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8422 Lanewood Dr | Property Details | No Agent List