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$166,653

3401 Timmons Ln Apt 1, Houston, TX, 77027

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths972 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$158.13 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Dishwasher
FlooringCarpet, Vinyl

Building Information

Year Built1962

Land Information

APN1111950000001
SubdivisionGarden Home
Land UseResidential
Legal DescriptionUNIT 1 1/48 INT COMMON LAND & ELE FLEUR DE LIS GARDEN HOME CONDO
Census Tract411504
Assessed Land Value$31,664
Assessed Improvement Value$134,989
Assessment Year2025

About this property

This tenant occupied unit is located right at the front of the complex and by the pedestrian gate entrance. Easily accessible, this 2 bedroom, 1 and a half bathroom unit makes for a great starter home, or investment property. This is the only unit that includes 2 parking spaces. Located right near 610W and 59S, this property is turn key ready to be yours!

Investor Tools

Property Icon
$166,653
Estimated Property Value
$115,275Estimated Mortgage Balance
$59,813Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,000 /month
Positive
Cash Flow Estimate:
$333 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$360/month
$556/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,487
$166,653
2025
$31,664
$134,989
$166,653
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,487
$166,653

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
C & T Mortgage Inc
Conventional
$115,275
No
First
Jun 30, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$106,840
$59,813
35%
64%
$692/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,248/mo
+$712/mo
14.1%

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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3401 Timmons Ln Apt 1 | Property Details | No Agent List