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$195,890

NAL Estimated Property Value

3505 Sage Rd Unit 1204, Houston, TX, 77056

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths787 Sq Ft
price_per_sqft$228.59 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen, Balcony

Building Information

Year Built2000

Land Information

APN1222770000129
SubdivisionThe Mark Condo 3rd Amend
Land UseResidential
Legal DescriptionUNIT 1204 .002339 INT COMMON LAND & ELE THE MARK CONDO 3RD AMEND
Census Tract431901
Assessed Land Value$37,219
Assessed Improvement Value$158,671
Assessment Year2025

About this property

**** Investment Property. Current lease is $1275 and expires January 2023*** Located in heart of Galleria within walking distance of Galleria Mall, restaurants, entertainment, and grocery stores. Unit 1204 features engineer wood floors throughout. Assigned parking with extra visitor spaces on level 6. Secure entry offering 24 hour concierge and code/card access. Amenities include grand lobby with private library for residence and their guests, fitness center, dry sauna, stretch room, swimming pool, hot tub, business center, mail room, and on-site management. *** Washer, dryer and 2018 refrigerator included in the price***

Investor Tools

Property Icon
$195,890
Estimated Property Value
$0Estimated Mortgage Balance
$195,890Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,175 /month
Positive
Cash Flow Estimate:
$392 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
$415/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,297
$195,890
2025
$37,219
$158,671
$195,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,297
$195,890

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$195,890
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$415/mo
+$1,225/mo
10.0%

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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3505 Sage Rd Unit 1204 | Property Details | No Agent List