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$396,188

NAL Estimated Property Value

10114 Papalote St, Houston, TX, 77041

Off MarketInfo
CommercialInfo
Beds9 Beds
Baths4 Bath
Baths5,621 Sq Ft
price_per_sqft$70.27 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bedrooms 9Bedrooms 9
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher

Exterior

Private PoolPrivate Pool
Lot Size15,002 sqft

Building Information

Year Built1960
Stories2
Garage Spaces4

Land Information

APN0790810030018
Lot Number18
SubdivisionSommermeyer
Land UseCommercial
Legal DescriptionLT 18 BLK 3 SOMMERMEYER
Census Tract521600
Assessed Land Value$135,000
Assessed Improvement Value$261,188
Assessment Year2025

About this property

A Rare & Exceptional Residential or Commercial Investment Opportunity at an amazingly low price of $70 per Sq Ft! This tremendous property features 5621 Sq Ft, 9 Bedrooms, 4 Bathrooms, 2 kitchens, 2 dining areas, 2 family rooms, a balcony, court yard area, a pool, 2 storage sheds, a 4 car garage, on a 15k Sq Ft. Lot! Currently this property is being used as a Group Home; other potential uses are a Home Health Care Facility, a Nursing Home, Assisted Living, a Cash Flow Long Term Rental or Short Term (rooms rented daily/weekly/monthly), an AirBNB, a Motel, Apartment Complex, or a Primary Residence/Office Space. Also this property could be purchased, renovated for one of the ideal uses, then resold at a massive profit. You could also build additional structures or add tiny homes, endless value add opportunities! There is no HOA & the tax rate is just 2.2%! This property has never flooded! Excellent Location - Close to 290 & Beltway 8! This is truly an Exceptional One of a Kind Property!

Investor Tools

Property Icon
$396,188
Estimated Property Value
$286,524Estimated Mortgage Balance
$109,664Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,377 /month
Positive
Cash Flow Estimate:
$792 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,761
$396,188
2025
$135,000
$261,188
$396,188
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,761
$396,188

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mld Mortgage
Conventional
$296,250
No
First
Jul 1, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,524
$109,664
27%
72%
$1,777/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$1,777/mo
+$473/mo
6.8%

City: Houston

10114 Papalote St | Property Details | No Agent List