$129,950
9623 Glenwood Forest Dr, Houston, TX, 77078
$168,935 ARV
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Exterior
Lot Size7,139 sqft
Building Information
Year Built1975
Stories1
Garage Spaces2
Land Information
APN1012730000028
Lot Number28
SubdivisionGlenwood Forest
Land UseResidential
Legal DescriptionLT 28 BLK 9 GLENWOOD FOREST SEC 1
Census Tract231300
Assessed Land Value$39,924
Assessed Improvement Value$145,107
Assessment Year2025
About this property
Investor Special! Opportunity for buyers looking for a renovation project with plenty of potential. This property will require a full cleanout along with repairs and updating throughout, making it a great candidate for an investor, rehabber, or buyer ready to take on a project. Property is being sold in its current condition. Most listing photos have been virtually cleaned out to help buyers better visualize the home and its potential. Original condition photos are included for reference. Bring your vision and see the possibilities!
Investor Tools
$76,528Estimated Mortgage Balance
$139,472Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$168,935
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,296 /month
Positive
Cash Flow Estimate:
$432 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$104/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$167
$185,031
2025
$39,924
$145,107
$185,031
No
Tax History
Year
Tax Paid
Assessed Value
2020
$167
$185,031
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$138,000
No
First
Sep 10, 2007
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$76,528
$139,472
64%
35%
$767/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$767/mo
+$955/mo
9.6%
