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$740,000

2047 Westcreek Ln Unit 502, Houston, TX, 77027

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,376 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$537.79 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Wine Refrigerator, Electric Oven, Microwave, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringStone, Tile, Wood

Exterior

Exterior FeaturesBalcony/Terrace, Exercise Room, Guest Room Available, Storage, Trash Chute, Trash Pick Up, Dog Run, Storage Outside of Unit
Lot Size1.52 acres

Building Information

Year Built2017

Land Information

APN1388730030002
Land UseResidential
Legal DescriptionUNIT 502 .0066 INT COMMON LAND & ELE WILSHIRE CONDO 10TH AMEND
Census Tract411302
Assessed Land Value$142,995
Assessed Improvement Value$609,610
Assessment Year2025

About this property

Ideally situated in The Wilshire at River Oaks District, this beautifully maintained residence offers sophisticated high-rise living in a desirable, walkable location. Unit 502 features two bedrooms, two full baths, and an open living and dining area. Thoughtful owner upgrades include hardwood flooring throughout, app-controlled Lutron smart lighting system, and motorized shades and drapes. The kitchen features European-style SieMatic cabinetry, porcelain slab countertops, Sub-Zero refrigerator/freezer, and Wolf gas cooktop and oven. The primary suite includes a spacious bath with double sinks, soaking tub, and separate shower. Two assigned parking spaces and two rare storage units are included. Residents enjoy 24-hour concierge and valet service, heated pool, grilling areas, fitness center, resident lounge, guest suites, dog run, and controlled access. A private pedestrian gate provides direct access to Target, with River Oaks District shopping, dining, and entertainment moments away.

Investor Tools

$122,576Estimated Mortgage Balance
$630,029Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,516 /month
Positive
Cash Flow Estimate:
$1,505 /month

Interested in this property?

Mike Mahlstedt

Compass RE Texas, LLC - Houston

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,328/month
$1,190/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,167
$752,605
2025
$142,995
$609,610
$752,605
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,167
$752,605

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$150,000
No
First
Oct 16, 2017
Nov 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,576
$630,029
83%
16%
$900/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,090/mo
$-130/mo
3.1%

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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