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$177,188

NAL Estimated Property Value

1351 Ramada Dr, Houston, TX, 77062

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,088 Sq Ft
price_per_sqft$164.51 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Cooktop, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesStorage

Building Information

Year Built1968
Stories2
Garage Spaces2

Land Information

APN0962780010351
SubdivisionClear Lake City R/P
Land UseResidential
Legal DescriptionTR 1351 BLDG 1 CLEAR LAKE CITY SEC 1 R/P
Census Tract340502
Assessed Land Value$33,666
Assessed Improvement Value$143,522
Assessment Year2025

About this property

Welcome Home To 1351 Ramada Drive! Immaculately Maintained & Stylishly Updated ~ 2 Bedroom / 1.5 Bath Bedroom Home With Private Courtyard, Nestled On A Spacious Corner Lot In The Heart Of Clear Lake. Lot's Of Upgrades ~ Energy Efficient Roof (Installed 2020), High Efficiency HVAC (Installed 2021). Zoned To Award Winning CCISD ~ Low HOA Fee's ~ Never Flooded ~ No Neighbors To Right Or Back Of Home ~ MUST SEE ~ Won't Last Long!!!!

Investor Tools

Property Icon
$177,188
Estimated Property Value
$137,826Estimated Mortgage Balance
$39,362Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$258/month
$160/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,214
$177,188
2025
$33,666
$143,522
$177,188
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,214
$177,188

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$145,600
No
First
Jun 28, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,826
$39,362
22%
78%
$873/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,033/mo
+$274/mo
8.9%

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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1351 Ramada Dr | Property Details | No Agent List