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$55,000

12500 Sandpiper Dr Apt 122, Houston, TX, 77035

$71,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,018 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$54.03 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

ARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator Included, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Vinyl Plank

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1981
Stories1

Land Information

APN1150630120006
SubdivisionPipers Crossing
Land UseResidential
Legal DescriptionUNIT 122 BLDG L 605 INT COMMON LAND & ELE PIPERS CROSSING CONDO PH 2
Census Tract422200
Assessed Land Value$10,699
Assessed Improvement Value$45,611
Assessment Year2025

About this property

Charming 2 bedroom condo on the 2nd level, located in a gated community! This unit includes a balcony, wood-type flooring in the living areas, a fireplace, ceiling fans, full bath with separate sinks for both bedrooms, utility closet, and tiled kitchen with granite-look countertops, a breakfast bar, and fridge included! The community offers a pool, water/sewer/trash service, and easy access to Hwy 90, Beltway 8, I-69, I-610, and more!

Investor Tools

Property Icon
$58,000
Estimated Property Value
$45,750Estimated Mortgage Balance
$16,064Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$71,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$348 /month
Positive
Cash Flow Estimate:
$116 /month

Interested in this property?

Mark Dimas

Realty Of America, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
$509/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,510
$56,310
2025
$10,699
$45,611
$56,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,510
$56,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$45,750
No
First
Feb 16, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$41,936
$16,064
27%
72%
$275/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$784/mo
+$523/mo
27.0%

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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12500 Sandpiper Dr Apt 122 | Property Details | No Agent List