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$635,000

NAL Estimated Property Value

1422 Potomac Dr, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,531 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$142.24 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher

Exterior

Lot Size1,851 sqft

Building Information

Year Built1981
Stories2
Garage Spaces2

Land Information

APN0761800270002
SubdivisionWesthaven Estates
Land UseResidential
Legal DescriptionTR 332B BLK 12 POTOMAC COURTS T/H U/R WESTHAVEN ESTATES SEC 2
Census Tract431504
Assessed Land Value$137,270
Assessed Improvement Value$284,113
Assessment Year2025

About this property

Perfect opportunity to get into the highly sought after Tanglewood area at a great price. NO HOA. This unique 2 Bed 2.5 Bathroom townhouse has a modern layout and a 2 story floor to ceiling stone fireplace in a living room that is great for entertaining with a built in wet bar! Bonus room could be used as a loft style study/gameroom or converted into a huge third bedroom. Dual secluded patios make for a nice outdoor escape and plenty of room for a grill right outside the kitchen. Don’t miss your chance! Schedule your showing today! NO HOA.

Investor Tools

Property Icon
$635,000
Estimated Property Value
$231,546Estimated Mortgage Balance
$403,454Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,810 /month
Positive
Cash Flow Estimate:
$1,270 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$791/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,323
$421,383
2025
$137,270
$284,113
$421,383
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,323
$421,383

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$256,000
No
First
May 13, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,546
$225,454
49%
36%
$1,535/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,535/mo
+$5/mo
2.9%

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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1422 Potomac Dr | Property Details | No Agent List