8view

Owner Contacts

$286,000

NAL Estimated Property Value

1116 Bering Drive 24, Houston, TX, 77057

Off Market

2 Beds

3 Bath

1,868 Sq Ft

$155.25 / sqft

Built in 1977

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

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

FlooringCarpet, Tile

Building Information

Year Built1977

Stories2

Garage Spaces2

Land Information

APN1142290080003

SubdivisionBerington Place Condo

Land UseResidential

Legal DescriptionUNIT 24 BLDG H .029249 INT COMMON LAND & ELE BERINGTON PLACE CONDO

Census Tract431506

Assessed Land Value$50,350

Assessed Improvement Value$193,650

Assessment Year2025

About this property

Welcome home to 1116 Bering Dr # 24! This quaint community is everything you would hope for. Drive up and find the well-manicured grounds which is all taken care of by the HOA along with the pool and recreational facilities. Enter unit # 24 to find a super clean and well-kept home. Immediately you will notice the natural light which radiates throughout the condo. Family room will be on your right with kitchen and dining room to your left with half bath. The atrium serves as a great spot for pets, morning coffee, evening wine or just taking in the natural air. Head upstairs to find two very large bedrooms, an office/game room, the laundry area and two full bathrooms. Condo offers a two-car garage and lots of extra storage. HVAC replaced August 2021, Security system added August 2021, all appliances upgraded and replaced August 2021. ALL FURNITURE INCLUDED WITH SALE! HERE IS YOUR TURN-KEY OPPORTUNITY!!

Investor Tools

$286,000

Estimated Property Value

$256,723Estimated Mortgage Balance

$29,277Estimated Equity

10% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,740 /month

Positive

Cash Flow Estimate:

$580 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$417/month

$412/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,575

$244,000

2025

$50,350

$193,650

$244,000

Tax History

Year

Tax Paid

Assessed Value

2024

$3,575

$244,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bay Equity Llc

Conventional

$275,500

First

Sep 26, 2022

Oct 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$256,723

$29,277

10%

90%

$1,652/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,540/mo

$2,064/mo

$-524/mo

6.5%

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