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$179,900

3031 Friar Point Road, Houston, TX, 77051

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,344 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.85 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range
FlooringLaminate, Tile

Exterior

Lot Size6,050 sqft

Building Information

Year Built1955
Stories1
Garage Spaces2

Land Information

APN0843340000035
Lot Number35
SubdivisionSugar Valley
Land UseCommercial
Legal DescriptionLT 35 BLK 13 SUGAR VALLEY
Census Tract331300
Assessed Land Value$54,450
Assessed Improvement Value$141,381
Assessment Year2025

About this property

Welcome home to 3031 Friar Point Road! This property offers a strong investment opportunity with a steady rental income of $1,550 per month, providing immediate cash flow from day one. The home is well-maintained, minimizing downtime and upfront costs for incoming investors. This gorgeous home features four bedrooms and multiple full bathrooms, providing ample space and modern comfort. The kitchen boasts sleek white cabinets, offering a fresh and contemporary look, while the dining room provides a stylish space for meals. The living room, along with the rest of the house, showcases elegant tile flooring, adding a touch of sophistication and ease of maintenance throughout the entire home. Don't forget to step out back for a view of the backyard. You don't want to miss all this gorgeous home has to offer! Check out the 3D tour and schedule your showing today! Property is currently leased.

Investor Tools

$0Estimated Mortgage Balance
$195,831Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,175 /month
Positive
Cash Flow Estimate:
$392 /month

Interested in this property?

Saad Wadiwala

Third Coast Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$375/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,515
$195,831
2025
$54,450
$141,381
$195,831
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,515
$195,831

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$195,831
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
10.6%

City: Houston

3031 Friar Point Road | Property Details | No Agent List