0Days on Market

6view

$160,000

3131 Southwest Fwy # A12, Houston, TX, 77098

On Market

Just Added

2 Beds

1 Bath

980 Sq Ft

Condos / Townhouses

$163.27 / sqft

Built in 1965

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Laminate

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1965

Stories1

Land Information

APN1146010010012

Land UseResidential

Legal DescriptionUNIT 12 BLDG A .0203 INT COMMON LAND & ELE LEMANS T/H CONDO

Census Tract411802

Assessed Land Value$23,614

Assessed Improvement Value$98,386

Assessment Year2025

About this property

Beautifully maintained 2-bedroom condo in a convenient, central location with easy access to I-69/US-59 and just minutes from the Galleria, Texas Medical Center, Upper Kirby, and more. This charming unit features two spacious bedrooms, a beautifully renovated bathroom, abundant built-in storage, and a breakfast bar perfect for casual dining. A covered assigned parking space adds everyday convenience. Enjoy the beautifully landscaped courtyard and sparkling community pool, offering a peaceful retreat right at home. Zoned to highly sought-after West University Elementary. A wonderful opportunity to enjoy comfort, convenience, and an exceptional location!

Investor Tools

$102,890Estimated Mortgage Balance

$47,110Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$960 /month

Positive

Cash Flow Estimate:

$320 /month

Interested in this property?

May Pham

eXp Realty LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$163/month

$500/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,201

$122,000

2025

$23,614

$98,386

$122,000

Tax History

Year

Tax Paid

Assessed Value

2024

$1,201

$122,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prospect Mortgage Llc

Conventional

$129,200

First

Dec 12, 2016

Jan 2032

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$102,890

$47,110

31%

69%

$775/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,275/mo

+$685/mo

15.7%

Learn About the Market: Opportunity in Houston

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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.

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