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$99,325

NAL Estimated Property Value

1515 Sandy Springs Rd Apt 1204, Houston, TX, 77042

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths893 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$99 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony, Courtyard

Building Information

Year Built1982
Stories2

Land Information

APN1153410110004
SubdivisionLynbrook Manor Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 1204 BLDG L .004320 INT COMMON LAND & ELE LYNBROOK MANOR CONDO PH 1
Census Tract451100
Assessed Land Value$18,872
Assessed Improvement Value$80,453
Assessment Year2025

About this property

One bedroom, 1.5 bathroom condo for sale AS-IS with patio, located in the Energy Corridor! Living/dining combo on the first floor along with kitchen, utility closet and a half bathroom. The bedroom is located on the second floor with two walk-in closets and a full bathroom. Lynbrook Manor Condominiums are well kept and they have a community pool to cool off in during Houston's hot summers. The location is also unbeatable: Close proximity to I-10 and Beltway 8, Club Westside, Lakeside Country Club, City Center and more! Don't miss your opportunity to own where the possibilities are endless.

Investor Tools

Property Icon
$99,325
Estimated Property Value
$64,834Estimated Mortgage Balance
$34,491Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$596 /month
Positive
Cash Flow Estimate:
$199 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$244/month
$410/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,435
$99,325
2025
$18,872
$80,453
$99,325
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,435
$99,325

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jackson Flagstar Centre Office
Conventional
$66,300
No
First
Feb 27, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$64,834
$36,166
35%
65%
$398/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,200/mo
$808/mo
+$392/mo
14.5%

Learn About the Market: Opportunity in Houston

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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 1204 | Property Details | No Agent List