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$54,347

NAL Estimated Property Value

12500 Sandpiper Drive, Houston, TX, 77035

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths2 Bath
Baths966 Sq Ft
Multi FamilyMulti Family
price_per_sqft$998.96 / sqft
Year BuiltBuilt in 1981

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1981
Stories1

Land Information

APN1150630050009
SubdivisionPipers Crossing Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 69 BLDG E .508 INT COMMON LAND & ELE PIPERS CROSSING CONDO PH 1
Census Tract422200
Assessed Land Value$10,326
Assessed Improvement Value$44,021
Assessment Year2025

About this property

15 FULLY RENOVATED units in 122 unit complex. Gated. Community Pool. Lots of Parking. Separate Central AC units, Separate electric meters. 7 2br, 8 1br units. 98k Net Income/yr.

Investor Tools

Property Icon
$54,347
Estimated Property Value
$0Estimated Mortgage Balance
$54,347Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,790 /month
Positive
Cash Flow Estimate:
$1,930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$144/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,457
$54,347
2025
$10,326
$44,021
$54,347
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,457
$54,347

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$54,347
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
28.9%

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 Drive | Property Details | No Agent List