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$115,000

2910 Fairbanks St, Houston, TX, 77026

$131,544 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,188 Sq Ft
price_per_sqft$96.8 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,022 sqft

Building Information

Year Built2005

Land Information

APN0700510040019
Lot Number10
SubdivisionCentral Gardens
Land UseResidential
Legal DescriptionLT 10 BLK 4 CENTRAL GARDENS SEC 1 AMEND
Census Tract220100
Assessed Land Value$59,700
Assessed Improvement Value$127,784
Assessment Year2025

About this property

Opportunity awaits on this 3-bedroom, 2-bath manufactured home situated on a spacious lot in a convenient Houston location. Recent improvements include a roof replaced in 2017, approximately 5-year-old A/C, updated flooring, a walk-in shower, and a newer well water tank. While the home is in need of updating, it offers solid potential for an investor, flipper, or buyer looking to renovate and build equity.

Investor Tools

$50,205Estimated Mortgage Balance
$137,279Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$131,544
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,125 /month
Positive
Cash Flow Estimate:
$375 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$306/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$187,484
2025
$59,700
$127,784
$187,484
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$187,484

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Magnus Financial Corp
Fha
$103,354
Yes
First
Jul 23, 2004
Jan 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$50,205
$137,279
73%
27%
$693/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$693/mo
+$614/mo
8.4%

City: Houston