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$143,000

NAL Estimated Property Value

1011 Hamblen Road 405, Houston, TX, 77339

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,320 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$98.48 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Electric Range, Dishwasher, Washer/Dryer
FlooringCarpet, Concrete

Exterior

Lot Size1,407 sqft

Building Information

Year Built1982
Stories2
Garage Spaces2

Land Information

APN1153560040005
SubdivisionFairway Forest T/H
Land UseResidential
Legal DescriptionUNIT 5 BLDG 4 FAIRWAY FOREST T/H
Census Tract251100
Assessed Land Value$10,553
Assessed Improvement Value$120,247
Assessment Year2025

About this property

Great location for this quant little townhome. 2 large bedrooms up along with 2 full baths and utility room. Spacious yet cozy living room. Half bath down, large closet down. Fireplace. Refrigerator, Washing and Dryer Stay. New Fenced area in back. 2 covered carport parking spaces with unit. Great neighborhood and very convenient to Hwy 59 and Kingwood.

Investor Tools

Property Icon
$143,000
Estimated Property Value
$92,683Estimated Mortgage Balance
$50,317Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$858 /month
Positive
Cash Flow Estimate:
$286 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$172/month
$139/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,347
$130,800
2025
$10,553
$120,247
$130,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,347
$130,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$100,000
No
First
Jun 22, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,683
$50,317
35%
65%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,570/mo
$739/mo
+$831/mo
13.2%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1011 Hamblen Road 405 | Property Details | No Agent List