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B+
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$212,000

3124 Wilmington St, Houston, TX, 77051

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,266 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.59 / sqft
Year BuiltBuilt in 1921

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling

Exterior

Lot Size8,250 sqft

Building Information

Year Built1921
Stories1

Land Information

APN0810060000013
Lot Number13
SubdivisionReedwoods
Land UseResidential
Legal DescriptionLT 13 BLK 6 REEDWOODS
Census Tract331300
Assessed Land Value$85,800
Assessed Improvement Value$60,563
Assessment Year2025

About this property

Don't miss this chance to invest in this property, close to the NRG, The Medical Center, just a short drive to Downtown! Minutes from major freeways and access to major malls, other shopping, restaurants, and more! Selling As-Is, seller will not make any repairs.

Investor Tools

Property Icon
$212,000
Estimated Property Value
$107,000Estimated Mortgage Balance
$117,521Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,272 /month
Positive
Cash Flow Estimate:
$424 /month

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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
$3,444
$146,363
2025
$85,800
$60,563
$146,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,444
$146,363

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dow Employees Cu
Conventional
$107,000
No
First
May 29, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,479
$148,521
61%
45%
$642/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$642/mo
+$665/mo
7.4%

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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3124 Wilmington St | Property Details | No Agent List