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$119,000

3111 Florida St Fl Orida, Houston, TX, 77026

$153,779 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,216 Sq Ft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size5,001 sqft

Building Information

Year Built1930
Garage Spaces1

Land Information

APN0142210000003
Lot Number3
SubdivisionFosters
Land UseResidential
Legal DescriptionLT 3 BLK 7 FOSTERS SEC 1
Census Tract211101
Assessed Land Value$60,000
Assessed Improvement Value$36,452
Assessment Year2025

About this property

This property presents a prime opportunity for investors and developers, with the true value placed in the land itself. Situated in a desirable and growing area, the lot offers ample space for new construction, redevelopment, or future expansion. The existing structures on the property are considered tear-downs, making this an ideal blank canvas for a custom build or investment project. Conveniently located near major roads, local amenities, and ongoing developments, this property holds strong potential for long-term value and growth.

Investor Tools

Property Icon
$119,000
Estimated Property Value
$0Estimated Mortgage Balance
$119,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$153,779
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$216/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,993
$96,452
2025
$60,000
$36,452
$96,452
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,993
$96,452

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$119,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
13.2%

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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3111 Florida St Fl Orida | Property Details | No Agent List