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$1,414,000

NAL Estimated Property Value

1238 Althea Dr, Houston, TX, 77018

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,337 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$276.69 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Lot Size7,200 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN0730990030036
Lot Number36
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 36 BLK 3 OAK FOREST SEC 1
Census Tract531100
Assessed Land Value$439,200
Assessed Improvement Value$787,933
Assessment Year2025

About this property

Oak Forest 2 story home is perfectly located in a short distance to Oak Forest Elementary, restaurants, & shopping. Upon entering the large double door entry, you will find the open floor-plan design offering ample natural light. The striking gourmet kitchen features a Viking stove, built-ins, & a walk-in pantry. The Home is wired for ethernet and ceiling speakers downstairs. Fully landscaped back yard complete with artificial turf, drainage, paved paths and lighting. The central AC has multiple upgrades including New AC coils (on both upstairs and downstars units) installed Jan 2019 – Installed UV filtration system on both AC units as well as AprilAire central media filters installed on both AC units. The home theatre room is wired for 7.1 surround sound. Includes 4 speakers in ceiling In-wall cabinet to store AV equipment and ventilation system. It is also a soundproofed room – room previously housed golf simulator. Do not miss out on this beautiful home.

Investor Tools

Property Icon
$1,414,000
Estimated Property Value
$914,867Estimated Mortgage Balance
$499,133Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,484 /month
Positive
Cash Flow Estimate:
$2,828 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,128/month
$40/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,468
$1,227,133
2025
$439,200
$787,933
$1,227,133
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,468
$1,227,133

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$988,900
No
First
May 27, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$914,867
$511,133
35%
65%
$5,929/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$5,969/mo
$-3,743/mo
1.9%

Learn About the Market: Opportunity in Houston

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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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1238 Althea Dr | Property Details | No Agent List