B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$371,491

NAL Estimated Property Value

3838 Center St, Houston, TX, 77007

Off Market

2 Beds

2 Bath

1,553 Sq Ft

Condos / Townhouses

$209.27 / sqft

Built in 2005

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Oven

FlooringTile, Wood

Exterior

Lot Size1,673 sqft

Building Information

Year Built2005

Garage Spaces2

Land Information

APN1266100030046

Lot Number46

SubdivisionPlaza At Center Amend 2

Land UseResidential

Legal DescriptionLT 46 BLK 3 PLAZA AT CENTER SEC 1 AMEND 2

Census Tract510601

Assessed Land Value$211,384

Assessed Improvement Value$160,107

Assessment Year2025

About this property

This beautiful 2 story gated community townhome located in the highly desirable Washington Corridor area has it all. It is truly a fabulous home conveniently located in Washington corridor. A rare 3 bedroom, 2- bath home in the Heart of Rice Military. The home highlights are open living and dining spaces, hardwood flooring, recessed lighting, granite counter-tops. Featuring high ceilings, wonderful natural light and open views. A spacious master suite with a walk-in closet, his and her dual vanities, whirlpool tub, and separate shower. Amenities of the location are minutes from Downtown, guest parking inside complex, and walking distance to Memorial Park, restaurants, retail, dog parks, and trending establishments. HOA provides water, sewer, and trash as part of fee.

Investor Tools

$371,491

Estimated Property Value

$233,333Estimated Mortgage Balance

$138,158Estimated Equity

37% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,229 /month

Positive

Cash Flow Estimate:

$743 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$581/month

$1,404/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,119

$371,491

2025

$211,384

$160,107

$371,491

Tax History

Year

Tax Paid

Assessed Value

2024

$5,119

$371,491

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Matador Lending Llc

Conventional

$256,000

First

Sep 7, 2021

Oct 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$233,333

$138,158

37%

63%

$1,535/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$2,939/mo

$-979/mo

6.3%

Learn About the Market: Opportunity in Houston

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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.

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