NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$188,000

NAL Estimated Property Value

1513 Ramada Dr, Houston, TX, 77062

Off Market

3 Beds

3 Bath

1,360 Sq Ft

Condos / Townhouses

$145.22 / sqft

Built in 1968

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Electric Range

FlooringCarpet, Tile, Wood

Exterior

Private Pool

Building Information

Year Built1968

Stories2

Garage Spaces2

Land Information

APN0962780010513

SubdivisionClear Lake City R/P

Land UseResidential

Legal DescriptionTR 1513 BLDG 2 CLEAR LAKE CITY SEC 1 R/P

Census Tract340502

Assessed Land Value$34,197

Assessed Improvement Value$145,787

Assessment Year2025

About this property

This gorgeous 3-bedroom, 2.5-bath townhome is a must-see in Clear Lake! The home has been recently updated with a new roof, double-pane windows, New AC, electrical panel, surge protector, breakers, and more. Hardwood and tile floors add a modern touch throughout the home. Additional features include a new water heater, a spacious outdoor patio, and a walking trail with pond and park views. This home sits in a family-friendly neighborhood with a community center indoor/outdoor pools, and a gym, only 2 blocks away from Kroger, and no history of flooding. Located in the highly sought-after CCISD school district, and just 8 minutes from U of H Clear Lake, HWY45, Bay Area shopping/dining district, and more. Very low HOA fee of only $160 monthly. This townhome offers convenient access to all that the Bay Area has to offer. Just waiting for its new family, this stylish, convenient and functional townhome is the perfect choice for anyone looking for the ultimate living experience.

Investor Tools

$188,000

Estimated Property Value

$194,055Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,185 /month

Positive

Cash Flow Estimate:

$395 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$228/month

$160/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,799

$179,984

2025

$34,197

$145,787

$179,984

Tax History

Year

Tax Paid

Assessed Value

2024

$1,799

$179,984

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Navy Fcu

$205,000

Yes

First

Jun 30, 2023

Jul 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$194,055

N/A

103%

$1,230/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,390/mo

+$332/mo

11.0%

Learn About the Market: Opportunity in Houston

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 This Area