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$199,000

NAL Estimated Property Value

2228 S Piney Point Rd Apt 108, Houston, TX, 77063

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,428 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$158.61 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1967

Land Information

APN1092290000004
SubdivisionDeerwood Gardens Condo
Land UseResidential
Legal DescriptionUNIT 108 BLDG E .007510 INT COMMON LAND & ELE DEERWOOD GARDENS CONDO
Census Tract431102
Assessed Land Value$34,150
Assessed Improvement Value$145,585
Assessment Year2025

About this property

MAINTENANCE FEE INLUDES ELECTRICITY, BASIC CABLE TV, EXTERIOR BUILDING, GROUNDS, INSURANCE, ACCESS GATES, TRASH REMOVAL, WATER AND SEWER! Situated in the Deerwood gated community in Piney Point, this fully remodeled 2-bedroom, 2.5-bath condo features a pristine white kitchen and elegant bathrooms. New A/C installed in June 2024. Community amenities include a pool, clubhouse, and dedicated dog park. The monthly HOA fee covers all utilities, trash, and cable, ensuring hassle-free living. The unit comes with two assigned parking spaces, and ample guest parking within the community. Enjoy an easy commute to Memorial City, the Galleria, Town & Country, Memorial City Medical Center, and a variety of nearby shopping and dining options.

Investor Tools

Property Icon
$199,000
Estimated Property Value
$159,929Estimated Mortgage Balance
$39,071Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,359 /month
Positive
Cash Flow Estimate:
$453 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$85/month
$793/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22
$179,735
2025
$34,150
$145,585
$179,735
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22
$179,735

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A&D Mortgage Llc
Conventional
$163,800
No
First
Jan 23, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,929
$48,071
23%
80%
$983/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,500/mo
$1,776/mo
$-276/mo
9.0%

City: Houston

2228 S Piney Point Rd Apt 108 | Property Details | No Agent List