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Owner Contacts

$198,847

1403 Ramada Dr, Houston, TX, 77062

Off Market

2 Beds

2 Bath

1,088 Sq Ft

Condos / Townhouses

$171.88 / sqft

Built in 1968

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Washer, Dishwasher, Washer/Dryer, Refrigerator

FlooringCarpet, Tile

Exterior

Exterior FeaturesStorage, Courtyard

Building Information

Year Built1968

Stories2

Garage Spaces2

Land Information

APN0962780010403

SubdivisionClear Lake City R/P

Land UseResidential

Legal DescriptionTR 1403 BLDG 2 CLEAR LAKE CITY SEC 1 R/P

Census Tract340502

Assessed Land Value$37,781

Assessed Improvement Value$161,066

Assessment Year2025

About this property

BEAUTIFULLY RENOVATED TOWNHOME W/ AWESOME LOCATION THAT BACKS UP DIRECTLY TO EXPLORATION GREEN W/ LAKES & WALKING PATHS. STEP INSIDE TO WOOD-GRAIN TILE FLOORS THAT FLOW THROUGHOUT THE 1ST LEVEL, DEN W/ GARDEN WINDOW, FORMAL DINING ROOM OVERLOOKING THE COURTYARD & UPDATED KITCHEN W/ QUARTZ COUNTERS, STAINLESS STEEL APPLIANCES & SUBWAY TILE BACKSPLASH. THE 2ND LEVEL FEATURES FRESH CARPET, 2 SPACIOUS ROOMS & RENOVATED BATHROOM W/ TUB/SHOWER WITH TILE SURROUND & GLASS TILE ACCENT. CHARMING DESIGN WITH FRONT YARD, PRIVATE COURTYARD, COVERED PARKING FOR 2 VEHICLES AND STEPS AWAY FROM WALKING PATHS AROUND THE LAKES OR EXPLORATION GREEN. TONS OF UPDATES SINCE 2019 INCLUDING AC, DBL PANE WINDOWS, PEX PLUMBING, WATER HEATER AND CARPET. INCLUDES REFRIGERATOR, WASHER AND DRYER. HOA INCLUDES LAWN MAINTENANCE & TRASH. IDEAL SPOT IN THE HEART OF CLEAR LAKE CLOSE TO AWARD WINNING SCHOOLS, GREAT RESTAURANTS, SHOPPING AND I-45 FOR EASY COMMUTES.

Investor Tools

$198,847

Estimated Property Value

$155,000Estimated Mortgage Balance

$48,219Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,193 /month

Positive

Cash Flow Estimate:

$398 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$267/month

$160/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,214

$198,847

2025

$37,781

$161,066

$198,847

Tax History

Year

Tax Paid

Assessed Value

2024

$2,214

$198,847

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Kind Lending Llc

Conventional

$155,000

First

Oct 8, 2024

Nov 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$150,628

$48,219

24%

76%

$930/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,090/mo

+$217/mo

7.9%

Learn About the Market: Opportunity in Houston

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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.

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