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B+
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Days50Days on Market
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$135,000

3131 Cummins Street 31, Houston, TX, 77027

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths758 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$178.1 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Cooktop, Refrigerator, Dishwasher
FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony, Courtyard

Building Information

Year Built1969
Stories1
Garage Spaces1

Land Information

APN1116050000031
Subdivision3131 Cummins Lane T/H Condo
Land UseResidential
Legal DescriptionUNIT 31 BLDG A 1/96 INT COMMON LAND & ELE 3131 CUMMINS LANE T/H CONDO
Census Tract411507
Assessed Land Value$21,379
Assessed Improvement Value$91,142
Assessment Year2025

About this property

ALL BILLS PAID! HOA fee includes electricity and water! This beautifully condo blends comfort, style, and easy living in a welcoming community. An expansive private balcony overlooks the pool and landscaped grounds, creating the perfect space to relax or entertain. Inside, the bright open layout connects the living and dining areas, filled with natural light and finished in a clean, modern palette. The kitchen offers ample storage, generous counter space, and a functional layout ideal for everyday use. The spacious primary bedroom provides a peaceful retreat with plenty of natural light. With warm finishes, and a layout designed for both comfort and convenience, this condo is move-in ready and easy to enjoy. Located in a well-kept community with attractive amenities, it offers the perfect balance of privacy and accessibility. The onsite laundry facility is only steps away.

Investor Tools

$122,914Estimated Mortgage Balance
$12,086Estimated Equity
8% 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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Rory Higgins

Castle Team

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
$594/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,128
$112,521
2025
$21,379
$91,142
$112,521
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,128
$112,521

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$126,283
Yes
First
Nov 14, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,914
$12,086
8%
91%
$758/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,352/mo
+$288/mo
14.6%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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 Street 31 | Property Details | No Agent List