NoAgentList RatingHow are grades calculated?

1view

$109,600

1515 Sandy Springs Rd Apt 1806, Houston, TX, 77042

Off Market

1 Beds

2 Bath

893 Sq Ft

Condos / Townhouses

$103.58 / sqft

Built in 1982

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesOven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher

FlooringCarpet, Tile

Exterior

Exterior FeaturesCourtyard, Balcony

Building Information

Year Built1982

Stories2

Land Information

APN1153410140006

SubdivisionLynbrook Manor Condo Ph 2

Land UseResidential

Legal DescriptionUNIT 1806 BLDG R .004320 INT COMMON LAND & ELE LYNBROOK MANOR CONDO PH 2

Census Tract451100

Assessed Land Value$20,824

Assessed Improvement Value$88,776

Assessment Year2025

About this property

Bright and Open Two Story Condo Located in the Energy Corridor Area with Courtyard View! Updated Kitchen w/Stainless Steel Appliances, Counter Tops and Tile Backsplash. Enjoy the Comfortable Living Area with High Ceilings, Wood Burning Fireplace, Tile Floor and Patio. Primary Bedroom is Upstairs with View of Living Area Downstairs and has a Relaxing Balcony; Two Walk In Closets and Updated Bathroom with Large Walk In Shower w/Bench and Travertine Tile. Includes Refrigerator, and Full Size Stackable Washer and Dryer. Terry Hershey Park is nearby with Walking and Biking Trails. Close to Dining and Shopping in City Centre and Memorial City Mall, Easy Access to Beltway 8 and I-10. Make your Appointment Today!

Investor Tools

$109,600

Estimated Property Value

$73,560Estimated Mortgage Balance

$42,937Estimated Equity

33% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$658 /month

Positive

Cash Flow Estimate:

$219 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$89/month

$322/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$521

$109,600

2025

$20,824

$88,776

$109,600

Tax History

Year

Tax Paid

Assessed Value

2024

$521

$109,600

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Quicken Loans Llc

Conventional

$73,560

First

Jun 2, 2021

Jul 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$66,663

$42,937

39%

61%

$442/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,200/mo

$764/mo

+$436/mo

13.1%

Learn About the Market: Opportunity in Houston

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