$224,900
16630 Red Gully Dr, Sugar Land, TX, 77498
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDisposal, Microwave, Dishwasher
FlooringCarpet, Tile
Exterior
Lot Size6,705 sqft
Building Information
Year Built1983
Stories2
Roof Type105
Garage Spaces1
Land Information
APN5785-02-003-0170-907
Lot Number17
SubdivisionPheasant Creek Sec 2
Land UseResidential
Legal DescriptionPHEASANT CREEK SEC 2, BLOCK 3, LOT 17
Census Tract672702
Assessed Land Value$29,640
Assessed Improvement Value$182,960
Assessment Year2026
About this property
Great 2 story, 3 bedrooms, 2 1/2 bath home on large lot in desired Sugar Land area. This home has an open floor plan; first floor is living space with vaulted ceilings. Spacious back yard - backed to green space with park in the distance. No rear neighbors! Cosmetic updates including paint, flooring and minor repairs will allow the next owner to personalize the home while building instant equity. Excellent opportunity for investors or owner occupants seeking value. Sold as-is and priced to reflect needed updates.
Investor Tools
$57,892Estimated Mortgage Balance
$189,108Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$526/month
$435/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,079
$212,600
2026
$29,640
$182,960
$212,600
No
Tax History
Year
Tax Paid
Assessed Value
2025
$5,079
$212,600
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wr Starkey Mortgage Llp
Conventional
$78,800
No
First
Dec 5, 2014
Jan 2045
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,892
$189,108
76%
23%
$264/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$699/mo
+$1,741/mo
11.9%
