$375,000
1602 Emerald Lake Ct, Houston, TX, 77062
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood
Exterior
Exterior FeaturesBack Green Space
Lot Size8,847 sqft
Building Information
Year Built1993
Garage Spaces1
Land Information
APN1174890040014
Lot Number14
SubdivisionBay Pointe
Land UseResidential
Legal DescriptionLT 14 BLK 4 BAY POINTE SEC 3
Census Tract340202
Assessed Land Value$78,660
Assessed Improvement Value$294,799
Assessment Year2025
About this property
Welcome Home in Bay Pointe to this 4-2-1 home on a quiet cul-de-sac! The lot has no side neighbors in the heart of Clear Lake. No carpet throughout with high ceilings, natural light, and a newly painted interior. Two large living spaces, remodeling in the kitchen and both bathrooms. The windows were upgraded to double pane. The huge master suite has a barn door into the bathroom with two sinks, separate shower and soaking tub. All new fencing outside less than years ago. The community has a pool and tennis courts. Come and see!
Investor Tools
$121,175Estimated Mortgage Balance
$252,284Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
$900/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,887
$373,459
2025
$78,660
$294,799
$373,459
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,887
$373,459
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$133,200
No
First
Dec 2, 2021
Dec 2041
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,175
$252,284
67%
32%
$799/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,699/mo
+$23/mo
5.5%
