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$175,000

1539 Ramada Drive #1539, Houston, TX, 77062

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,296 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$135.03 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Freestanding Oven, Oven, Electric Cooktop, Refrigerator, Dishwasher, Washer/Dryer
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesFront Green Space, Front Yard, Storage

Building Information

Year Built1968
Garage Spaces2

Land Information

APN0962780010539
SubdivisionClear Lake City R/P
Land UseResidential
Legal DescriptionTR 1539 BLDG 4 CLEAR LAKE CITY SEC 1 R/P
Census Tract340502
Assessed Land Value$39,590
Assessed Improvement Value$168,781
Assessment Year2025

About this property

Welcome to this beautifully updated townhome on Ramada Dr that backs up to Exploration Green in the heart of Clear Lake City. This home features updated granite countertops, a stylish backsplash, stainless steel appliances, new laminate flooring downstairs, new carpet upstairs, and fresh interior paint throughout. Spacious bedrooms offer plenty of room and natural light, generous walk in closets, while the private courtyard provides a great outdoor space for relaxing or entertaining. Covered parking is located directly behind the property, along with a large green space that gives the home an open and inviting feel. Conveniently located near shopping, dining, and major commuter routes to downtown and Galveston.

Investor Tools

$106,829Estimated Mortgage Balance
$101,542Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,250 /month
Positive
Cash Flow Estimate:
$417 /month

Interested in this property?

Koy Lyn Jamail

Keller Williams Realty Clear Lake / NASA

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$312/month
$185/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,707
$208,371
2025
$39,590
$168,781
$208,371
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,707
$208,371

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$120,000
No
First
Dec 16, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$106,829
$101,542
48%
51%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$905/mo
+$402/mo
7.5%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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