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$108,000

1515 Sandy Springs Rd Apt 2801, Houston, TX, 77042

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths893 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.34 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony

Building Information

Year Built1982
Stories2

Land Information

APN1153410240001
SubdivisionLynbrook Manor Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 2801 BLDG BB .004320 INT COMMON LAND & ELE LYNBROOK MANOR CONDO PH 2
Census Tract451100
Assessed Land Value$18,872
Assessed Improvement Value$80,453
Assessment Year2025

About this property

Spacious condo with living room, kitchen and a half bath down, en suite bedroom upstairs with two walk-in closets. Balcony makes this condo light and bright. Fenced patio down. Refrigerator, washer and dryer are included. Trash, water, sewer, basic cable are included. Located minutes away from Beltway 8, I-10, City Center, Westside tennis and Hersey Park & bike trails.

Investor Tools

Property Icon
$108,000
Estimated Property Value
$0Estimated Mortgage Balance
$108,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$648 /month
Positive
Cash Flow Estimate:
$216 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$248/month
No HOA
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

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$110,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,200/mo
N/A
+$1,200/mo
13.3%

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 2801 | Property Details | No Agent List