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$225,000

NAL Estimated Property Value

37 Penway St, Houston, TX, 77022

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,338 Sq Ft
price_per_sqft$112.11 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Gas Range

Exterior

Lot Size7,074 sqft

Building Information

Year Built1950
Stories1

Land Information

APN0710100020004
SubdivisionMeadow Lea Annex
Land UseResidential
Legal DescriptionTR 4A BLK 2 MEADOW LEA ANNEX SEC 1
Census Tract220500
Assessed Land Value$67,337
Assessed Improvement Value$123,157
Assessment Year2025

About this property

Perfect investment opportunity! 3 bed, 1 bath with spacious backyard and covered back patio. New roof in 2021.

Investor Tools

Property Icon
$225,000
Estimated Property Value
$127,252Estimated Mortgage Balance
$97,748Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$399/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,659
$190,494
2025
$67,337
$123,157
$190,494
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,659
$190,494

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$128,371
Yes
First
Nov 24, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,252
$99,748
43%
57%
$770/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$770/mo
+$952/mo
9.2%

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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