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Days35Days on Market
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$260,000

1407 Newmark Dr, Houston, TX, 77014

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,731 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.2 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Range, Dishwasher, Refrigerator
FlooringTile

Exterior

Lot Size5,567 sqft

Building Information

Year Built1994
Stories1
Garage Spaces2

Land Information

APN1151360090002
Lot Number2
SubdivisionCranbrook
Land UseResidential
Legal DescriptionLT 2 BLK 9 CRANBROOK SEC 1
Census Tract550404
Assessed Land Value$43,200
Assessed Improvement Value$189,976
Assessment Year2025

About this property

This newly renovated home features a well-designed layout, ideal for both first-time buyers and investors seeking a rental property. Enjoy vinyl wood flooring in all the main living areas, offering durability and easy maintenance. The newly remodeled home's kitchen and bathrooms provide a modern touch with modern finishes and fixtures. The property also boasts a lovely fenced backyard. Conveniently located near schools, parks, and shopping centers, this home offers the best of suburban living. Don’t miss out on this incredible opportunity! Call today!

Investor Tools

$0Estimated Mortgage Balance
$233,176Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

Interested in this property?

Jeremy Larkin

Keller Williams Realty The Woodlands

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$115/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$217
$233,176
2025
$43,200
$189,976
$233,176
No

Tax History

Year
Tax Paid
Assessed Value
2024
$217
$233,176

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Inland Mtg Corp
Fha
$89,826
Yes
First
Feb 7, 1996
Mar 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$233,176
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$450/mo
+$1,272/mo
8.9%

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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1407 Newmark Dr | Property Details | No Agent List