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$151,509

NAL Estimated Property Value

1247 Hopper Rd, Houston, TX, 77037

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,055 Sq Ft
price_per_sqft$142.18 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,701 sqft

Building Information

Year Built1964
Garage Spaces4

Land Information

APN0942320000017
Lot Number17
SubdivisionMelrose Park
Land UseResidential
Legal DescriptionLT 17 BLK 5 MELROSE PARK SEC 2
Census Tract221701
Assessed Land Value$42,263
Assessed Improvement Value$109,246
Assessment Year2025

About this property

This cozy ranch style home consists of 3 bedrooms, one full bath and one half bath. The dining room is spacious, as is the living room. Title floors are present throughout the home. The property has been well kept and offers excellent value. This home offers a great floor plan and sits on a spacious lot. The home has an attached two car garage that is ample sized. The garage can be used for a multitude of uses (parking, storage, workshop, living area conversion, etc). An oversized 10 X 20 shed can be used for additional storage or a workshop. Schedule to tour this home today!

Investor Tools

Property Icon
$151,509
Estimated Property Value
$0Estimated Mortgage Balance
$151,509Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$909 /month
Positive
Cash Flow Estimate:
$303 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$200/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,640
$151,509
2025
$42,263
$109,246
$151,509
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,640
$151,509

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$174,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
13.6%

Learn About the Market: Opportunity in Houston

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Explore

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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1247 Hopper Rd | Property Details | No Agent List