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$133,306

2224 S Piney Point Rd Apt 117, Houston, TX, 77063

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths740 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$141.89 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringTile

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1967
Stories1

Land Information

APN1092350000006
SubdivisionDeerwood Gardens Condo
Land UseResidential
Legal DescriptionUNIT 117 BLDG K .004010 INT COMMON LAND & ELE DEERWOOD GARDENS CONDO
Census Tract431102
Assessed Land Value$25,328
Assessed Improvement Value$107,978
Assessment Year2025

About this property

Discover comfort and convenience in this charming 1-bedroom, 1-bath condo located in Houston’s sought-after Memorial area. This quiet, gated community offers a peaceful setting with mature trees, a sparkling pool, and a welcoming clubhouse. The ground-floor unit features wood-look tile throughout, a private patio, and an open layout perfect for easy living. Washer, dryer, and refrigerator are included, with recent updates including a 2021 HVAC and a 2024 dishwasher for added peace of mind. Enjoy assigned parking, nearby walking paths, and effortless access to I-10 and Beltway 8. Zoned to top-rated schools, this well-maintained community offers a reasonable monthly fee covering electricity, water, and basic cable. Whether you’re downsizing or seeking a low-maintenance lifestyle, this serene wooded retreat is ideal for retirees and anyone looking for stress-free living close to Memorial’s shopping, dining, and conveniences.

Investor Tools

Property Icon
$133,306
Estimated Property Value
$0Estimated Mortgage Balance
$133,306Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$800 /month
Positive
Cash Flow Estimate:
$267 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$301/month
$457/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,945
$133,306
2025
$25,328
$107,978
$133,306
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,945
$133,306

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$133,306
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,260/mo
$457/mo
+$803/mo
11.3%

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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2224 S Piney Point Rd Apt 117 | Property Details | No Agent List