B+

NoAgentList RatingHow are grades calculated?

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Owner Contacts

$190,000

NAL Estimated Property Value

1227 Country Place Dr, Houston, TX, 77079

Off Market

2 Beds

3 Bath

1,280 Sq Ft

Condos / Townhouses

$1.48 / sqft

Built in 1973

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Oven

FlooringTile

Exterior

Lot Size1,089 sqft

Building Information

Year Built1973

Stories2

Land Information

APN1034600190007

Lot Number7

SubdivisionMemorial Club T/H

Land UseResidential

Legal DescriptionLT 7 BLK 19 MEMORIAL CLUB T/H SEC 1

Census Tract450302

Assessed Land Value$61,144

Assessed Improvement Value$125,913

Assessment Year2025

About this property

Charming Rare Corner 2 Bedroom Memorial Townhome located in the heart of Houston with a large outdoor pool right across from this townhome. RENOVATION IN 2023: OPEN KITCHEN QUARTZ COUNTER TOP, Refrigerator and WAHSER & DRYER ADDED_ VINYL PLANK FLOORING _ALL Toilets CHANGED _ IRON GUARD RAIL. Private patio and Covered 2 CAR Carport and Storage area and Additional prime parking in the front for your guests. Both oversized primary bedrooms are upstairs with NICE CABINETS AND FAUCET IN EnSite full bathrooms. Half bath is downstairs for family and guests. Extra storage closet under the staircase. Located in Memorial Club with 9 tennis courts, 3 swimming pools, 2 playgrounds, security and close to Memorial City Mall, City Centre and Easy Access to I-10 and Beltway 8! SHOWING WILL BE STARTING AFTER NOON ON FRIDAY 6/2/2023 AND NEW PICTURES WILL BE UPLOADED FRIDAY AFTERNOON.

Investor Tools

$190,000

Estimated Property Value

$115,562Estimated Mortgage Balance

$74,438Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,140 /month

Positive

Cash Flow Estimate:

$380 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$253/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,091

$187,057

2025

$61,144

$125,913

$187,057

Tax History

Year

Tax Paid

Assessed Value

2024

$2,091

$187,057

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Top One Mortgage

Conventional

$122,500

First

Apr 28, 2023

May 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$115,562

$95,438

45%

61%

$735/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,600/mo

$735/mo

+$865/mo

10.1%

Learn About the Market: Opportunity in Houston

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