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$168,175

1515 Sandy Springs Rd Apt 503, Houston, TX, 77042

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,225 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$110.2 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Oven
FlooringTile, Wood, Vinyl

Building Information

Year Built1982
Stories2

Land Information

APN1153410040003
SubdivisionLynbrook Manor Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 503 BLDG E .005490 INT COMMON LAND & ELE LYNBROOK MANOR CONDO PH 1
Census Tract451100
Assessed Land Value$31,953
Assessed Improvement Value$136,222
Assessment Year2025

About this property

Charming 2-story townhouse in Lynbrook Manor Condominiums; Energy Corridor area minutes from Memorial & endless premier shopping, dining & entertainment. Features recent vinyl plank flooring down & hardwoods up, new A/C in 2018, & in-house laundry w/Samsung stackable washer & dryer included. 1,225 sq.ft. floor plan offers spacious family room w/wood-burning fireplace, open to dining space & nearby 1/2 bath. Chef's kitchen boasts breakfast bar, white cabinetry, granite counters, & black appliances; including fridge. Large closet under stairs for ample storage. Primary Suite up w/bonus office space/sitting area, large closet, French doors opening to balcony, & en-suite bath w/dual sinks & newly finished tub/shower combo. 2nd bed up w/en-suite bath could be 2nd Primary or in-law suite. Sliding glass pane door opens to fenced patio space w/exterior storage, & direct access to covered parking space. Steps away from community pool! Near I-10, Bltwy-8 & Westpark Tollway for easy commute.

Investor Tools

Property Icon
$168,175
Estimated Property Value
$0Estimated Mortgage Balance
$168,175Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,009 /month
Positive
Cash Flow Estimate:
$336 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
$409/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,333
$168,175
2025
$31,953
$136,222
$168,175
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,333
$168,175

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$168,175
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$409/mo
+$1,021/mo
10.2%

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 503 | Property Details | No Agent List