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$191,000

3231 Allen Parkway 1209, Houston, TX, 77019

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths580 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$284.48 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Washer, Dishwasher

Building Information

Year Built1993

Land Information

APN1250020010025
SubdivisionReata At River Oaks
Land UseResidential
Legal DescriptionUNIT 1209 BLDG 1 .0052 INT COMMON LAND & ELE REATA AT RIVER OAKS CONDO
Census Tract410300
Assessed Land Value$32,780
Assessed Improvement Value$139,747
Assessment Year2025

About this property

This cozy 1BR/1Bth downtown adjacent unit is wonderfully placed near the city center. Great walkability, close to River Oaks Shopping, Community Center, Stages Theater and the Bike Trail along Allen Parkway. Minutes from downtown and freeway access. Ceramic tile throughout, dishwasher, refrigerator, Quaint view of Allen Parkway and storage closet on balcony. This unit includes garage parking, and is close enough to the pool to be convenient; but far enough to not be disturbed. The River Oaks community is gated, has clean beautiful landscaping, a gorgeous swimming pool, an exercise facility, and Club House.

Investor Tools

Property Icon
$191,000
Estimated Property Value
$0Estimated Mortgage Balance
$49,273Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$392/month
$286/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,746
$172,527
2025
$32,780
$139,747
$172,527
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,746
$172,527

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$155,200
No
First
Oct 27, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,727
$49,273
25%
74%
$931/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,217/mo
+$423/mo
10.3%

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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3231 Allen Parkway 1209 | Property Details | No Agent List