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$198,000

NAL Estimated Property Value

242 Parker Rd, Houston, TX, 77076

$211,301 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,264 Sq Ft
price_per_sqft$146.36 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size8,037 sqft

Building Information

Year Built1950
Stories1
Garage Spaces4

Land Information

APN0761630000012
Lot Number12
SubdivisionStrathmore Place
Land UseResidential
Legal DescriptionLT 12 STRATHMORE PLACE
Census Tract221301
Assessed Land Value$97,929
Assessed Improvement Value$72,629
Assessment Year2025

About this property

Discover the potential of this versatile property located in a prime commercial area. Perfect as a family home or business space, with no restrictions—allowing for options like adding a workshop. Come see it in person to fully appreciate its possibilities! Ideal for investors or first-time homebuyers, Located in a desirable neighborhood, minutes from downtown, I-45 North, and U.S. 59 North.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$117,346Estimated Mortgage Balance
$80,654Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$211,301
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,671
$170,558
2025
$97,929
$72,629
$170,558
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,671
$170,558

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Fund I Llc
Commercial
$120,000
No
First
Feb 28, 2025
Feb 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,346
$76,654
39%
59%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$720/mo
+$1,002/mo
10.4%

City: Houston

242 Parker Rd | Property Details | No Agent List