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Owner Contacts

$124,000

NAL Estimated Property Value

10047 Westpark Dr Apt 46, Houston, TX, 77042

Off Market

2 Beds

2 Bath

1,123 Sq Ft

Condos / Townhouses

$97.95 / sqft

Built in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringTile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1978

Stories1

Land Information

APN1131990000006

SubdivisionIdlewood Condo

Land UseResidential

Legal DescriptionUNIT 46 BLDG C .003905 INT COMMON LAND & ELE IDLEWOOD CONDO

Census Tract432401

Assessed Land Value$20,352

Assessed Improvement Value$86,765

Assessment Year2025

About this property

Calling all Investors only! Well maintained spacious condo with 2 bedrooms and 2 updated bathrooms. Title throughout the unit. No carpet! Appliances include washer/dryer, refrigerator, and cooktop stove. New AC unit and Nest installed in 2019. Maintenance fee includes basic cable, water and trash pick up! Located in a quiet community surrounded by beautiful landscaping. Community provides 24/7 security guard and new entrance gate. Assigned parking spaces, tennis court and 3 sparkling pools. Easy access to Westpark Tollway and Beltway 8. Near lots of shopping centers and supermarkets. TENANT OCCUPIED PLEASE DO NOT DISTURB. LEASE ENDS MARCH 31,2022. Schedule your showing today

Investor Tools

$124,000

Estimated Property Value

$72,369Estimated Mortgage Balance

$51,631Estimated Equity

35% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$744 /month

Positive

Cash Flow Estimate:

$248 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$169/month

$421/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,406

$107,117

2025

$20,352

$86,765

$107,117

Tax History

Year

Tax Paid

Assessed Value

2024

$1,406

$107,117

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Arvest Bank

Conventional

$77,250

First

Dec 8, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$72,369

$39,631

35%

58%

$464/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,430/mo

$885/mo

+$545/mo

13.8%

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