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$227,045

NAL Estimated Property Value

3944 W Alabama St Apt 7, Houston, TX, 77027

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths858 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$278.55 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringTile

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1963
Stories1

Land Information

APN1121430000007
SubdivisionForesters Pond Condo
Land UseResidential
Legal DescriptionUNIT 7 BLDG A .0097 INT COMMON LAND & ELE FORESTERS POND CONDO
Census Tract411505
Assessed Land Value$43,139
Assessed Improvement Value$183,906
Assessment Year2025

About this property

MULTIPLE OFFER SITUATION....DEADLINE FOR HIGHEST AND BEST IS SET FOR SAT 7/9 @ 6PM Within the urban oasis of Forester’s Pond Condominiums is this jewel of a find 2bed. 2 bath condo with an almost 400 sq. foot (per seller) darling patio garden, located in Highland Village and just a hop and a skip away from River Oaks. With an extensive updates finished within the last 2 years ranging from all new lighting throughout, crown molding, new kitchen everything, new bathrooms everything, new doors and windows, new AC and W/D in unit, and the list goes on and on. As if that’s not enough, the low HOA maintenance fee, assigned covered and gated parking space, pool, club house and walkable neighborhood are just some of the many advantages this home has to offer. This prime location is ideal for commuting to Memorial Park, Med Center, Downtown or anywhere inside the loop. Enjoy simply strolling down the street w/ your dog or having coffee with friends around the corner at Highland Village strip!

Investor Tools

Property Icon
$227,045
Estimated Property Value
$0Estimated Mortgage Balance
$227,045Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$506/month
$387/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,932
$227,045
2025
$43,139
$183,906
$227,045
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,932
$227,045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$227,045
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$387/mo
+$1,573/mo
10.4%

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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3944 W Alabama St Apt 7 | Property Details | No Agent List