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Owner Contacts

$132,000

NAL Estimated Property Value

3131 Cummins St Apt 20, Houston, TX, 77027

Off Market

2 Beds

1 Bath

812 Sq Ft

$159.98 / sqft

Built in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Dishwasher

FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1969

Garage Spaces1

Land Information

APN1116050000020

Subdivision3131 Cummins Lane T/H Condo

Land UseResidential

Legal DescriptionUNIT 20 BLDG A 1/96 INT COMMON LAND & ELE 3131 CUMMINS LANE T/H CONDO

Census Tract411507

Assessed Land Value$24,580

Assessed Improvement Value$104,790

Assessment Year2025

About this property

Lovely remodeled two bedroom, one bath condo at the highly desired Cummins Lane Condos. Recent updates include all new flooring in the living and dining areas and the two nice sized bedrooms, fresh painting throughout, all new doors and hardware, brand new stainless steel refrigerator and more. Plantation shutters in the two bedrooms. Lots of natural lighting. Kitchen with granite counter tops, handsome tile backsplash and all stainless steel appliances. 2nd floor unit, so no one above you. HOA monthly fee includes all utilities including electricity, water, sewer, basic cable, pest control, recreational facilities including a gorgeous sparkling swimming pool. Wonderfully location in the River Oaks/Highland Village/ Greenway Plaza area. Great walkability score, so close to Costco, LA Fitness, Central Market and Highland Village. Walk to so many wonderful restaurants and shopping. Wonderful quiet very well maintained & manicured condo complex. This condo is ready for immediate move in.

Investor Tools

$132,000

Estimated Property Value

$111,223Estimated Mortgage Balance

$20,777Estimated Equity

19% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$792 /month

Positive

Cash Flow Estimate:

$264 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$285/month

$619/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,754

$129,370

2025

$24,580

$104,790

$129,370

Tax History

Year

Tax Paid

Assessed Value

2024

$2,754

$129,370

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$116,900

First

Sep 18, 2023

Oct 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$111,223

$26,777

19%

84%

$701/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,320/mo

+$640/mo

17.8%

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