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$260,000

188 Grammar Road, Houston, TX, 77047

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,912 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.98 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size13,499 sqft

Building Information

Year Built1956
Stories1

Land Information

APN0280640190003
Lot Number19
SubdivisionOrange Grove - Blackburn
Land UseResidential
Legal DescriptionTR 3 IN LT 19 ORANGE GROVE - BLACKBURN
Census Tract330802
Assessed Land Value$67,500
Assessed Improvement Value$172,850
Assessment Year2025

About this property

Spacious 3BR/2BA home offering 1,912 sq ft of living space on over 1/4 acre. Features include a huge living room, bonus game room/guest room, and a private pool. Nestled at the end of a quiet dead-end road providing added privacy. No flooding history. Property is zoned for residential/commercial use, offering flexibility for a home-based or small business (buyer to verify permitted uses). Generous yard space ideal for outdoor enjoyment with a versatile layout and room to entertain.

Investor Tools

$123,383Estimated Mortgage Balance
$153,617Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,662 /month
Positive
Cash Flow Estimate:
$554 /month

Interested in this property?

Heather Perry

Bay Area Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$190/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$896
$240,350
2025
$67,500
$172,850
$240,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$896
$240,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$137,762
No
First
Dec 30, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,383
$153,617
55%
45%
$826/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$826/mo
+$1,174/mo
8.7%

City: Houston

188 Grammar Road | Property Details | No Agent List