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$130,891

NAL Estimated Property Value

3131 Cummins St Apt 29, Houston, TX, 77027

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths758 Sq Ft
price_per_sqft$178.1 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1969
Stories1

Land Information

APN1116050000029
Subdivision3131 Cummins Lane T/H Condo
Land UseResidential
Legal DescriptionUNIT 29 BLDG A 1/96 INT COMMON LAND & ELE 3131 CUMMINS LANE T/H CONDO
Census Tract411507
Assessed Land Value$24,869
Assessed Improvement Value$106,022
Assessment Year2025

About this property

Location! Location! and Location! This is a little jewel in a quiet complex in the center of Greenway Plaza. Costco and LA fitness are within walking distance. Central Market and Highland Village are just blocks away. Large chef's kitchen with walk-in pantry cabinet and lots of storage spaces. Built-in entertainment center in living room. Upgrades in bathroom. NO CARPET! HOA cover ALL utilities.

Investor Tools

Property Icon
$130,891
Estimated Property Value
$106,264Estimated Mortgage Balance
$24,627Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
$505/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,631
$130,891
2025
$24,869
$106,022
$130,891
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,631
$130,891

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Unknown
$108,500
No
First
Mar 20, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$106,264
$24,627
18%
81%
$651/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,156/mo
+$484/mo
15.0%

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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3131 Cummins St Apt 29 | Property Details | No Agent List