Last 24 Hours
$165,000
1302 Forest Cove Dr, Houston, TX, 77339
$214,500 ARV
On Market
Just Added
4 Beds
2 Bath
2,512 Sq Ft
Single Family Residence
$65.68 / sqft
Built in 1964Property Lead Type:
ARV FlipAbsentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 4
Bathrooms Full 2
Indoor Fireplace
Garage Available
Heating Central
CoolingExterior
Lot Size43,469 sqft
Building Information
Year Built1964
Stories1
Garage Spaces5
Land Information
APN0950960000001
Lot Number1
SubdivisionForest Cove U/R
Land UseResidential
Legal DescriptionLT 1 BLK 12 FOREST COVE SEC 3 U/R
Census Tract251100
Assessed Land Value$134,320
Assessed Improvement Value$175,901
Assessment Year2025
About this property
Rare opportunity to own a 1 acre lot with a fire damaged structure which could be repaired. This property offers plenty of possibilities for investors to flip for a huge profit, or buyers looking to build a million dollar new house! All utilities are in place with city water and city sew. The corner lot is located in the sought after Kingwood area close to HWY 59 and FM1960 and a few minutes away from large shopping centers and all amenities! Priced below lot value and won't last at this price!
Investor Tools
$0Estimated Mortgage Balance
$399,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$214,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$371/month
$195/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,460
$310,221
2025
$134,320
$175,901
$310,221
Yes (2017)
Tax History
Year
Tax Paid
Assessed Value
2024
$2,460
$310,221
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$399,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$195/mo
+$2,475/mo
8.0%
12.4%