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$233,000

NAL Estimated Property Value

8515 Cold Lake Dr, Houston, TX, 77088

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,896 Sq Ft
price_per_sqft$129.22 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size4,273 sqft

Building Information

Year Built1983
Stories2
Garage Spaces2

Land Information

APN1148740060034
Lot Number34
SubdivisionInwood Forest Village
Land UseResidential
Legal DescriptionLT 34 BLK 6 INWOOD FOREST VILLAGE
Census Tract533100
Assessed Land Value$38,475
Assessed Improvement Value$182,802
Assessment Year2025

About this property

This well-maintained 3 bed, 2.5 bath home in Inwood Forest Village offers comfort, space, and convenience. Enjoy tile and laminate flooring downstairs, energy-efficient windows, and fresh exterior paint. The spacious living and den areas feature soaring ceilings and a cozy gas fireplace, perfect for relaxing or entertaining. The open-concept kitchen provides great flow and natural light. The private primary suite includes a walk-in shower, jetted tub, and generous closet space. Step outside to a covered backyard deck with two access points, ideal for morning coffee, BBQs, or game day fun. Conveniently located near Hwy 249, I-45, Hwy 290, Beltway 8 & the 610 Loop for easy access to shopping, dining, and major routes. With a LOW tax rate and LOW HOA, this move-in ready home is a fantastic opportunity in a desirable location. Schedule your tour today and make it yours!

Investor Tools

Property Icon
$233,000
Estimated Property Value
$244,248Estimated Mortgage Balance
$0Estimated Equity
0% 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
$321/month
$330/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,692
$221,277
2025
$38,475
$182,802
$221,277
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,692
$221,277

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Va
$247,500
Yes
First
Aug 18, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,248
N/A
0%
105%
$1,484/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,814/mo
$-92/mo
8.9%

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.

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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8515 Cold Lake Dr | Property Details | No Agent List