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$94,000

NAL Estimated Property Value

2021 Spenwick Dr Apt 513, Houston, TX, 77055

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths742 Sq Ft
price_per_sqft$107.82 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Washer/Dryer Stacked, Dishwasher
FlooringCarpet, Tile

Building Information

Year Built1982
Stories1

Land Information

APN1148690050004
SubdivisionSpring Point Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 513 BLDG E .00734 INT COMMON LAND & ELE SPRING POINT CONDO PH 2
Census Tract520604
Assessed Land Value$15,554
Assessed Improvement Value$66,308
Assessment Year2025

About this property

This First Floor 1 Bedroom Condo is located in a Quiet, Gated Community in the heart of Revitalizing Spring Branch. This Nicely Laid Out Condo features a Very Private Patio, Wood-Burning Fireplace, High Ceiling and a Spacious living Room. The Kitchen includes a Refrigerator, Microwave, Dishwasher and there is also Stacked Washer and Dryer Connections. You have assigned covered parking with plenty of additional parking and a Short Walk from to the Community Pool. The very Low Monthly HOA fee and Low Taxes makes this a great opportunity for investors looking for a low-maintenance investment in a prime location. There is currently a reliable long term tenant in the property until 12/31/2025 that would like to stay if possible giving you immediate and future income. This is just one of three condos in the community and adjacent community being offered by the same seller.

Investor Tools

Property Icon
$94,000
Estimated Property Value
$0Estimated Mortgage Balance
$94,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$564 /month
Positive
Cash Flow Estimate:
$188 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$117/month
$224/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$939
$81,862
2025
$15,554
$66,308
$81,862
No

Tax History

Year
Tax Paid
Assessed Value
2024
$939
$81,862

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$84,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$224/mo
+$871/mo
14.0%

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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2021 Spenwick Dr Apt 513 | Property Details | No Agent List