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$174,000

2323 Fairwind Dr Apt 979, Houston, TX, 77062

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,223 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$106.21 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer, Oven
FlooringCarpet, Laminate

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1984

Land Information

APN1159130100010
SubdivisionThe Cloister Condo
Land UseResidential
Legal DescriptionUNIT 979 BLDG J 1.61450 INT COMMON LAND & ELE THE CLOISTER CONDO
Census Tract340501
Assessed Land Value$29,162
Assessed Improvement Value$124,322
Assessment Year2025

About this property

What a find! This attractive two bed/two bath condo is located on a corner lot surrounded by beautiful landscaping and green space. The two parking spaces (one covered) are right in front of the unit. Upon entry, you'll immediately notice the beautiful family room with vaulted ceilings and tons of natural light from the large double pane windows. The downstairs owners' suite has a nice size walk in closet and bathroom. As you travel upstairs, you will enjoy a full view of the family room from the loft, which has a wonderful space for adding your own special touch of decor. In addition to a cozy reading nook/home office, on this second floor you will find the additional bedroom and full bath. There is also a large storage room upstairs which could be used in a variety of ways. Fridge, washer, dryer, and large TV in family room all convey with home! This location reaps the benefits of wonderful CCISD schools, many nearby restaurant and entertainment venues, UHCL, and parks. NO FLOODING!

Investor Tools

Property Icon
$174,000
Estimated Property Value
$137,000Estimated Mortgage Balance
$51,545Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,044 /month
Positive
Cash Flow Estimate:
$348 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$154/month
$412/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$984
$153,484
2025
$29,162
$124,322
$153,484
No

Tax History

Year
Tax Paid
Assessed Value
2020
$984
$153,484

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Va
$137,000
Yes
First
Nov 19, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,455
$36,545
22%
70%
$822/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,234/mo
+$73/mo
9.0%

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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2323 Fairwind Dr Apt 979 | Property Details | No Agent List