$84,999
1403 Blalock Rd Apt 14, Houston, TX, 77055
On Market
Property Lead Type:
Must-SellDeal ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesCooktop, Dishwasher
FlooringCarpet, Tile
Building Information
Year Built1967
Stories2
Land Information
APN0992360020009
SubdivisionCedar Post T/H Condo
Land UseResidential
Legal DescriptionUNIT B14 BLDG B 1/18 INT COMMON LAND & ELE CEDAR POST T/H CONDO
Census Tract522301
Assessed Land Value$24,297
Assessed Improvement Value$103,584
Assessment Year2025
About this property
Investor opportunity with great rental potential! This unit is priced for a quick sale and offers an excellent opportunity for an investor looking for an affordable addition to their rental portfolio. The property needs some cleaning and light cosmetic updating but has a solid foundation for a rental or value-add investment. Conveniently located near major Houston thoroughfares, shopping, dining, and everyday amenities. With a little TLC, this property can be ready for its next tenant or owner. Sold as-is and priced with the needed improvements in mind.
Investor Tools
$0Estimated Mortgage Balance
$127,881Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$767 /month
Positive
Cash Flow Estimate:
$256 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
$125/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,442
$127,881
2025
$24,297
$103,584
$127,881
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,442
$127,881
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$147,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$125/mo
+$1,182/mo
12.3%
