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$264,000

950 Wavecrest Ln, Houston, TX, 77062

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,836 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.34 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Lot Size7,440 sqft

Building Information

Year Built1968
Stories1
Garage Spaces2

Land Information

APN0991640000002
Lot Number2
SubdivisionClear Lake City Core D
Land UseResidential
Legal DescriptionLT 2 BLK 6 CLEAR LAKE CITY CORE D SEC 1
Census Tract340701
Assessed Land Value$55,744
Assessed Improvement Value$200,796
Assessment Year2025

About this property

Welcome to 950 Wavecrest Lane, a charming brick exterior home nestled amidst tall trees and meticulous landscaping. This spacious abode boasts 4 bedrooms and 2 full bathrooms, offering ample space for comfortable living. As you enter, you're greeted by a formal dining area, perfect for hosting gatherings and creating lasting memories. The living room features a cozy fireplace, providing warmth and ambiance during cooler evenings. The primary bedroom offers a serene retreat with an en-suite bathroom and a convenient walk-in closet. Step outside to discover a covered back patio, ideal for enjoying outdoor relaxation and entertaining guests. With a long driveway and a detached 2-car garage, there's plenty of parking and storage space available. Conveniently located near I-45 and Sam Houston Tollway, this home offers easy access to nearby amenities and attractions. Don't miss the opportunity to make this your dream home!

Investor Tools

Property Icon
$264,000
Estimated Property Value
$0Estimated Mortgage Balance
$264,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$336/month
$68/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,713
$256,540
2025
$55,744
$200,796
$256,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,713
$256,540

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$262,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$68/mo
+$1,654/mo
7.8%

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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950 Wavecrest Ln | Property Details | No Agent List