2view

Owner Contacts

$249,000

1238 Hopper Rd, Houston, TX, 77037

Pending

4 Beds

3 Bath

2,144 Sq Ft

Single Family Residence

$116.14 / sqft

Built in 1962

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Gas Range, Dishwasher

Exterior

Lot Size7,819 sqft

Building Information

Year Built1962

Stories1

Land Information

APN0942330000011

Lot Number11

SubdivisionMelrose Park

Land UseResidential

Legal DescriptionLT 11 BLK 6 MELROSE PARK SEC 2

Census Tract221701

Assessed Land Value$42,610

Assessed Improvement Value$115,312

Assessment Year2025

About this property

Welcome to this beautifully updated 4-bedroom, 2-bath home located in a wonderful, well-established neighborhood. Featuring a modern open-concept layout, this home offers seamless flow between the living, dining, and kitchen spaces—perfect for everyday living and entertaining. Recent updates throughout provide a fresh, move-in-ready feel with stylish finishes and thoughtful upgrades. Spacious bedrooms, updated bathrooms, and abundant natural light enhance the home’s comfort and functionality. Enjoy the charm of a friendly community while being close to schools, shopping, and dining. This is a must-see property that perfectly blends modern updates.

Investor Tools

$185,094Estimated Mortgage Balance

$74,906Estimated Equity

28% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,560 /month

Positive

Cash Flow Estimate:

$520 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$369/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,123

$157,922

2025

$42,610

$115,312

$157,922

Yes (2021)

Tax History

Year

Tax Paid

Assessed Value

2024

$3,123

$157,922

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Catalyst Funding Llc

Building Or Construction Loan

$189,575

First

Feb 27, 2025

Aug 2026

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$185,094

$74,906

28%

71%

$1,137/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,137/mo

+$1,089/mo

10.3%

Learn About the Market: Opportunity in Houston

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