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$360,000

3330 Las Palmas Street #22, Houston, TX, 77027

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,302 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$276.5 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Refrigerator Included, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Vinyl Plank

Building Information

Year Built1989
Garage Spaces2

Land Information

APN1156720040022
SubdivisionDrexel Place
Land UseResidential
Legal DescriptionUNIT 22 BLDG 4 DREXEL PLACE LAS PALMAS
Census Tract411505
Assessed Land Value$125,000
Assessed Improvement Value$182,552
Assessment Year2025

About this property

Tired of Houston traffic? This is a GREAT opportunity to live in an upscale inner loop community and enjoy a walkable lifestyle! Perfectly positioned a quick walk from all the attractions of Highland Village! When you do need to hop in the car you'll have fast access to Hwy 59/69, Loop 610, The Galleria, the Texas Medical Center, and Downtown Houston! Step inside to find a remodeled interior that shines with beautiful luxury vinyl plank flooring, a stunningly remodeled kitchen, a convenient main level half bath and a bright courtyard/patio! The primary and secondary bedrooms are conveniently separated by a Hollywood bathroom with each room having its own vanity and commode, while sharing the tub/shower. Each bedroom boasts a generous closet. The utility space is conveniently located on the 2nd level near the bedrooms. Updates galore...see attached list!

Investor Tools

$282,404Estimated Mortgage Balance
$25,148Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

Interested in this property?

Kay Arnold

Compass RE Texas, LLC - Memorial

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
$341/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,302
$307,552
2025
$125,000
$182,552
$307,552
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,302
$307,552

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$296,820
No
First
Dec 4, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,404
$25,148
8%
92%
$1,780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,121/mo
$-161/mo
7.6%

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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