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$357,000

902 Mulberry Ridge Way, Houston, TX, 77062

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,484 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.95 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size8,211 sqft

Building Information

Year Built1988
Garage Spaces2

Land Information

APN1166590010040
Lot Number40
SubdivisionBay Knoll
Land UseResidential
Legal DescriptionLT 40 BLK 1 BAY KNOLL SEC 1
Census Tract340800
Assessed Land Value$68,139
Assessed Improvement Value$256,664
Assessment Year2025

About this property

Beautiful corner lot in the Bay Knoll subdivision of Clear Lake!! You don't want to miss this one. The first floor has tons of natural light and features plantation shutters and new wood-like tile throughout. There is a living room/ dining room combo in the front of the home and a den/family room open to the kitchen. Primary bedroom is huge and has a newly renovated primary bath with double-sink vanity, updated shower and soaking tub. Primary bed also has a nice walk in closet. The upstairs features 3 bedrooms and a bathroom. The Gameroom was converted into the additional bedroom. Walk-in attic space that's great for storage. Backyard has a nice sized covered patio perfect to relax on in the mornings/evenings. Zoned to CCISD Schools, quick and easy drive to I-45 and beltway, close to big H-E-B.(Updates- Roof- December 2024, Gutters December 2024, Fence 2024, HVAC- Summer 2024- redid some ductwork and added return, Primary bath 2022, Half bath - June 2025, Microwave and diswasher- 2022)

Investor Tools

Property Icon
$357,000
Estimated Property Value
$360,000Estimated Mortgage Balance
$0Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
$454/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,275
$324,803
2025
$68,139
$256,664
$324,803
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,275
$324,803

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Va
$360,000
Yes
First
Dec 15, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$357,390
N/A
0%
100%
$2,159/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,613/mo
$-891/mo
5.8%

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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902 Mulberry Ridge Way | Property Details | No Agent List