$69,000
2021 Spenwick Dr Apt 724, Houston, TX, 77055
On Market
Property Lead Type:
BankruptcyAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDisposal, Microwave, Refrigerator, Dishwasher
FlooringTile
Exterior
Exterior FeaturesBalcony
Building Information
Year Built1982
Stories1
Land Information
APN1148690070011
SubdivisionSpring Point Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 724 BLDG G .00538 INT COMMON LAND & ELE SPRING POINT CONDO PH 2
Census Tract520604
Assessed Land Value$11,556
Assessed Improvement Value$49,267
Assessment Year2025
About this property
Affordable, updated and conveniently located! Updated studio condo located on the 2nd floor of a gated community in Spring Branch. Centrally located with easy access to Houston. This corner unit overlooks one of two community pools. Kitchen has new cabinets, countertops and includes refrigerator and microwave. Tile floors throughout. Fireplace and high ceiling. Bathroom has a nice sized vanity area and a shower/tub. One assigned covered parking space. Includes water, sewer, trash, pool access, and landscaping. Laundry inside the unit.
Investor Tools
$0Estimated Mortgage Balance
$73,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$438 /month
Positive
Cash Flow Estimate:
$146 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$89/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$698
$60,823
2025
$11,556
$49,267
$60,823
No
Tax History
Year
Tax Paid
Assessed Value
2024
$698
$60,823
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$68,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
N/A
+$1,095/mo
18.0%
