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A+
NoAgentList RatingHow are grades calculated? Info
Days20Days on Market
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$260,000

$275,000

1943 Ramada Dr, Houston, TX, 77062

$322,756 ARVInfo
On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,494 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.25 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,398 sqft

Building Information

Year Built1962
Stories2
Garage Spaces2

Land Information

APN0964770000416
Lot Number416
SubdivisionClear Lake City
Land UseResidential
Legal DescriptionLT 416 BLK 34 CLEAR LAKE CITY SEC 3
Census Tract340501
Assessed Land Value$56,700
Assessed Improvement Value$223,455
Assessment Year2025

About this property

Welcome to a rare opportunity in a prime Houston location! Owned by the same family for over 50 years, this spacious 4-bedroom, 2.5-bath home offers approximately 2,500 sq. ft. of living space on a quiet, tree-lined street. You’ll love the convenience of nearby schools, shopping, dining, and major commuter routes. Recent updates include new PEX plumbing throughout, a freshly painted exterior, and brand-new garage doors. The home does need repairs and modernization, making it ideal for buyers ready to bring their vision and style while preserving its original charm. With generous square footage, a functional layout, and strong neighborhood appeal, this property offers exceptional potential and long-term value. Sold STRICTLY AS IS—seller will make no repairs.

Investor Tools

Property Icon
$285,000
Estimated Property Value
$0Estimated Mortgage Balance
$285,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$322,756
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

Interested in this property?

Chelsea Boone

Epique Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
$87/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$31
$280,155
2025
$56,700
$223,455
$280,155
No

Tax History

Year
Tax Paid
Assessed Value
2020
$31
$280,155

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$285,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$87/mo
+$2,139/mo
9.4%

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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1943 Ramada Dr | Property Details | No Agent List