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B+
NoAgentList RatingHow are grades calculated? Info

$232,000

2517 Bering Drive, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,332 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$195.12 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1978
Stories2
Garage Spaces2

Land Information

APN1119050000005
SubdivisionBering Place T/H Condo Amend
Land UseResidential
Legal DescriptionUNIT 18 BLDG C .016370 INT COMMON LAND & ELE BERING PLACE T/H CONDO AMEND
Census Tract431403
Assessed Land Value$38,792
Assessed Improvement Value$165,376
Assessment Year2025

About this property

Unit # 7. Beautifully updated 2 bedroom 2.5 bath townhome. Hard Wood floors downstairs and updated carpet upstairs. Both upstairs baths have been totally updated with walk in showers. Brick fireplace as warmth and charm to the main living area. The kitchen is magazine quality with quartz counter top, marble back splash, updated SS appliances including refrigerator. Washer and dryer are included. French doors open onto the private patio. Designated Covered parking is right behind the home.

Investor Tools

Property Icon
$232,000
Estimated Property Value
$0Estimated Mortgage Balance
$135,142Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,559 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
$390/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,618
$204,168
2025
$38,792
$165,376
$204,168
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,618
$204,168

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$108,800
No
First
Sep 1, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$96,858
$135,142
58%
42%
$653/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,043/mo
+$497/mo
8.0%

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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2517 Bering Drive | Property Details | No Agent List