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$469,000

9918 Pine Lake Dr, Houston, TX, 77055

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,821 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.6 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,403 sqft

Building Information

Year Built1960
Stories1

Land Information

APN0802210000029
Lot Number29
SubdivisionSpring Branch Woods
Land UseResidential
Legal DescriptionLT 29 BLK 7 SPRING BRANCH WOODS SEC 1
Census Tract522302
Assessed Land Value$328,000
Assessed Improvement Value$100,142
Assessment Year2025

About this property

Location, Location, Location! This spacious 3bed/2bath single story ranch style home sits on a large lot in desirable Spring Branch Woods. The possibilities are endless for either a modern renovation utilizing the most recent trends, to building the dream home you’ve always desired. If going the former route, the large 3 bedroom, 2 bathroom home has a charming circle drive and contains a spacious living, dining and den with fireplace. No carpet in the home and the bones are great for making renovations possible. The converted detached garage holds the laundry room and a bonus room that is the ideal spot for hobbies/crafts or a fabulous workout room. If going the latter route, the large lot has mature trees, with a beautiful oak variety that would make a captivating focal point for any backyard. Costco, HEB and Memorial City mall are conveniently just blocks away and the close proximity to Katy Freeway makes it an ideal starting point for any commute. Spring Branch ISD!

Investor Tools

Property Icon
$469,000
Estimated Property Value
$320,000Estimated Mortgage Balance
$160,002Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,814 /month
Positive
Cash Flow Estimate:
$938 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$546/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,201
$428,142
2025
$328,000
$100,142
$428,142
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,201
$428,142

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$320,000
No
First
Jun 27, 2024
Jul 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,998
$132,002
29%
66%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,919/mo
$-197/mo
4.4%

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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9918 Pine Lake Dr | Property Details | No Agent List