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$119,875

NAL Estimated Property Value

1515 Sandy Springs Road 202, Houston, TX, 77042

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths893 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$144.46 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Washer/Dryer
FlooringVinyl

Building Information

Year Built1982
Stories2

Land Information

APN1153410010002
SubdivisionLynbrook Manor Condo Ph 1
Land UseResidential
Legal DescriptionUNIT 202 BLDG B .004320 INT COMMON LAND & ELE. LYNBROOK MANOR CONDO PH 1
Census Tract451100
Assessed Land Value$22,776
Assessed Improvement Value$97,099
Assessment Year2025

About this property

Step into this delightful condominium that showcases brand-new LVP flooring, recently modernized cabinets, sinks, faucets, mirrors, hardware, and tastefully chosen decorative paint. The countertops shine elegantly with stunning Quartz, complemented by a suite of updated stainless steel appliances. This two-story end unit boasts a patio and balcony for your exclusive use, providing a secluded atmosphere. Covered parking is conveniently located just south of the unit. Included are a washer, dryer, and refrigerator for your convenience. The unit is conveniently positioned near the pool to the east. Upstairs, the expansive primary bedroom features an attached private bath. The HOA fee covers basic cable, water, and sewer services. The pool is just a few steps away.

Investor Tools

Property Icon
$119,875
Estimated Property Value
$70,406Estimated Mortgage Balance
$49,469Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$774 /month
Positive
Cash Flow Estimate:
$258 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
$361/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,479
$119,875
2025
$22,776
$97,099
$119,875
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,479
$119,875

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$74,000
No
First
Sep 22, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,406
$49,469
41%
59%
$444/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,200/mo
$805/mo
+$395/mo
12.0%

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 Road 202 | Property Details | No Agent List