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$149,524

1515 Sandy Springs Rd Apt 1202, Houston, TX, 77042

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,056 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$103.22 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Washer/Dryer Stacked, Washer, Dishwasher

Building Information

Year Built1982
Stories2

Land Information

APN1153410110002
SubdivisionLynbrook Manor Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 1202 BLDG L .004320 INT COMMON LAND & ELE LYNBROOK MANOR CONDO PH 1
Census Tract451100
Assessed Land Value$28,410
Assessed Improvement Value$121,114
Assessment Year2025

About this property

GREAT OPPORTUNITY in popular Lynbrook Manor near Lakeside Country Club! RARE 2 story condo w/architectural changes & added square footage! Large living room with wood burning updated fireplace and private balcony. Hard flooring through out! Large master bedroom with Two walk-in closets! Updated Kitchen with Quartz counter, recent appliances! Recently painted! Half bath down! Washer/dryer included! RARE private front patio & second floor balcony! Includes private covered parking.Hurry, won't LAST

Investor Tools

Property Icon
$149,524
Estimated Property Value
$97,970Estimated Mortgage Balance
$60,059Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$897 /month
Positive
Cash Flow Estimate:
$299 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$188/month
$322/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,506
$149,524
2025
$28,410
$121,114
$149,524
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,506
$149,524

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Western Express Lending
Conventional
$97,970
No
First
Oct 21, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$89,465
$60,059
40%
60%
$588/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,200/mo
$910/mo
+$290/mo
9.6%

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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1515 Sandy Springs Rd Apt 1202 | Property Details | No Agent List