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$120,000

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

On MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,056 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$113.64 / 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

Rare two-story condominium in Lynbrook Manor featuring architectural updates and expanded square footage. The main level layout offers hard-surface flooring throughout, a downstairs half-bath, and a dedicated laundry area equipped with a washer and dryer. The spacious living room centers around an updated wood-burning fireplace and provides seamless access to the renovated kitchen, which features quartz countertops, fresh interior paint, and modern appliances. Upstairs, the large primary bedroom suite includes two separate walk-in closets and direct access to a private second-floor balcony. Exterior spaces feature a fully enclosed, private front patio and a covered parking space. The unit is situated within a well-maintained community that offers resident access to three shared swimming pools and a central clubhouse.

Investor Tools

$89,465Estimated Mortgage Balance
$60,912Estimated Equity
40% 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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Sharlene Abghary

Urban Access Properties

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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%

City: Houston

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