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$79,000

3900 Woodchase Dr Apt 157, Houston, TX, 77042

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths502 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$157.37 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1983
Stories1

Land Information

APN1152740010009
SubdivisionMeadowridge Condo
Land UseResidential
Legal DescriptionUNIT 157 BLDG A .004895 INT COMMON LAND & ELE MEADOWRIDGE CONDO
Census Tract432401
Assessed Land Value$13,272
Assessed Improvement Value$56,578
Assessment Year2025

About this property

Turnkey investment opportunity! This ground-level condo is tenant-occupied and already producing rental income, making it an excellent addition to your investment portfolio. Featuring a functional open layout, spacious living area, private patio, and low-maintenance finishes, this property is designed for long-term appeal. The community offers gated access, a sparkling pool, and ample parking, while the prime Westchase location provides quick access to Westpark Tollway, Beltway 8, major employers, shopping, and dining. With an established tenant already in place, you can start generating income from day one without the hassle of finding a renter. Don't miss this cash-flowing investment opportunity in a high-demand rental area!

Investor Tools

$48,666Estimated Mortgage Balance
$28,334Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$474 /month
Positive
Cash Flow Estimate:
$158 /month

Interested in this property?

Lauren Miller

GableWay Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$97/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$782
$69,850
2025
$13,272
$56,578
$69,850
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$782
$69,850

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Virgo Finance Company Llc
Stand Alone Second / Subordinate Position
$50,000
No
First
Dec 23, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,666
$28,334
36%
63%
$300/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,200/mo
$800/mo
+$400/mo
18.7%

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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3900 Woodchase Dr Apt 157 | Property Details | No Agent List