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$131,000

NAL Estimated Property Value

2323 Fairwind Dr Apt 755, Houston, TX, 77062

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths797 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$119.07 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Free-Standing Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringTile, Vinyl

Building Information

Year Built1984

Land Information

APN1159130070006
SubdivisionThe Cloister Condo
Land UseResidential
Legal DescriptionUNIT 755 BLDG G 1.41450 INT COMMON LAND & ELE THE CLOISTER CONDO
Census Tract340501
Assessed Land Value$22,886
Assessed Improvement Value$97,564
Assessment Year2025

About this property

Gated access, 2 assigned parking spaces, 1 covered - 1 not. Front door of unit opens in a north/west direction, 1 covered assigned parking space located right out the front door, the uncovered assigned space is around the corner. Relax & enjoy the private covered patio area (great sun exposure for potted plants) with additional storage closet, attractive brick fence with gate - leads to quaint court yard, concrete walking pathway leads to mail room or complex pool. The complex pool is around the corner behind the buildings that face East/West on opposite side of complex to Space Center Blvd. Property has convenient pet pick up waste bags located about. Inside are high ceilings, wood look floors and a blast from the past wet bar that doubles well as a coffee or tea station.

Investor Tools

Property Icon
$131,000
Estimated Property Value
$69,599Estimated Mortgage Balance
$61,401Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$786 /month
Positive
Cash Flow Estimate:
$262 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
$365/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,516
$120,450
2025
$22,886
$97,564
$120,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,516
$120,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$76,800
No
First
Jun 9, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$69,599
$50,851
42%
53%
$461/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$826/mo
+$481/mo
12.0%

City: Houston

2323 Fairwind Dr Apt 755 | Property Details | No Agent List