65Days on Market

7view

$175,000

3031 Groton Drive, Houston, TX, 77051

On Market

4 Beds

2 Bath

1,259 Sq Ft

Single Family Residence

$139 / sqft

Built in 1961

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 1

Garage Available

Heating Central

Cooling

Exterior

Lot Size6,050 sqft

Building Information

Year Built1961

Stories1

Garage Spaces1

Land Information

APN0843350000017

Lot Number17

SubdivisionSugar Valley

Land UseResidential

Legal DescriptionLT 17 BLK 14 SUGAR VALLEY

Census Tract331300

Assessed Land Value$54,450

Assessed Improvement Value$61,271

Assessment Year2025

About this property

Location, location, location! This move-in ready home at 3031 Groton Drive is a great opportunity for investors or first-time buyers in a Houston area experiencing continued growth and revitalization. The property is turn-key with strong rental potential and features a new HVAC system and a new roof, offering added value and peace of mind. It is conveniently located near the Texas Medical Center, NRG Stadium, Downtown Houston, and Third Ward, with easy access to Highway 288, Beltway 8, and 610. It also offers close proximity to the University of Houston, Texas Southern University, and Hobby Airport, making it ideal for both homeowners and investors. This property is tenant-occupied. Please do not disturb the tenant.

Investor Tools

$0Estimated Mortgage Balance

$173,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,050 /month

Positive

Cash Flow Estimate:

$350 /month

Interested in this property?

Brook Wilson

FYI Realty - Katy

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$252/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,162

$115,721

2025

$54,450

$61,271

$115,721

Tax History

Year

Tax Paid

Assessed Value

2024

$2,162

$115,721

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$173,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

N/A

+$1,722/mo

11.9%

Learn About the Market: Opportunity in Houston

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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.

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