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Owner Contacts

$153,000

NAL Estimated Property Value

3131 Cummins Street 21, Houston, TX, 77027

Off Market

2 Beds

1 Bath

943 Sq Ft

Condos / Townhouses

$158.01 / sqft

Built in 1969

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

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

FlooringCarpet, Tile

Building Information

Year Built1969

Stories1

Garage Spaces1

Land Information

APN1116050000021

Subdivision3131 Cummins Lane T/H Condo

Land UseResidential

Legal DescriptionUNIT 21 BLDG A 1/96 INT COMMON LAND & ELE 3131 CUMMINS LANE T/H CONDO

Census Tract411507

Assessed Land Value$27,670

Assessed Improvement Value$117,962

Assessment Year2025

About this property

Lovely remodeled two bedroom, one bath condo at the highly desired Cummins Lane Condos. Move in ready. Nice sized condo with huge updated kitchen with granite counter tops and an abundance of storage and counter space. G.E. Profile appliances. Custom pull out pantry. Great floor plan, ideal for entertaining. 1st floor unit w/ abundance of storage & built-ins & 2" blinds on the windows. Two huge bedrooms, both with large closets. Handsome bathroom w/ richly appointed hardware. 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

$153,000

Estimated Property Value

$107,901Estimated Mortgage Balance

$45,099Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$918 /month

Positive

Cash Flow Estimate:

$306 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$322/month

$739/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,101

$145,632

2025

$27,670

$117,962

$145,632

Tax History

Year

Tax Paid

Assessed Value

2024

$3,101

$145,632

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Provident Funding Associates Lp

Conventional

$113,600

First

Aug 11, 2023

Sep 2038

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$107,901

$45,099

29%

71%

$682/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,421/mo

+$539/mo

15.4%

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