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$225,000

3318 Ripplebrook Dr, Houston, TX, 77045

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.5 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Gas Range, Dishwasher
FlooringVinyl

Exterior

Lot Size6,821 sqft

Building Information

Year Built1965
Stories1
Garage Spaces1

Land Information

APN0972340000009
Lot Number9
SubdivisionTownwood
Land UseResidential
Legal DescriptionLT 9 BLK 3 TOWNWOOD SEC 1
Census Tract330500
Assessed Land Value$67,615
Assessed Improvement Value$94,278
Assessment Year2025

About this property

Move in without inheriting someone else's renovation list! This home was extensively rebuilt and renewed from top to bottom, with major improvements including a new roof, HVAC, electrical, plumbing, double-pane windows, doors, kitchen, baths, appliances, lighting, flooring and fresh landscaping. Step inside to a bright, open feel with vaulted ceilings and no carpet throughout. The redesigned kitchen features granite countertops, a 5-burner gas range and breakfast area, while the flexible layout offers comfortable space for everyday living, guests or working from home. One secondary room even enjoys its own private half bath. A large laundry room adds valuable storage, and sliding glass doors lead to a generous backyard with new grass and room to relax or entertain. Conveniently located with access toward Hwy 288, Beltway 8, the Texas Medical Center, Downtown and Hobby Airport. The work is done—come make it yours.

Investor Tools

$140,769Estimated Mortgage Balance
$32,231Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

Interested in this property?

Danielle Bilumbu Leach

DBK Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$162/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,079
$161,893
2025
$67,615
$94,278
$161,893
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,079
$161,893

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Midfirst Bank
Fha
$2,115
Yes
First
Jun 8, 2023
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,769
$32,231
18%
81%
$853/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$853/mo
+$869/mo
11.9%

City: Houston

3318 Ripplebrook Dr | Property Details | No Agent List