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$164,000

4040 San Felipe St Apt 253, Houston, TX, 77027

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,068 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.77 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Washer, Dishwasher
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard

Building Information

Year Built1956
Stories1

Land Information

APN1099640000004
SubdivisionRiver Oaks T/H Condo
Land UseResidential
Legal DescriptionUNIT 253 BLDG J .74 INT COMMON LAND & ELE RIVER OAKS T/H CONDO AMEND
Census Tract411200
Assessed Land Value$31,055
Assessed Improvement Value$132,393
Assessment Year2025

About this property

Stunning River Oaks 2 bedroom 1.5 bath townhouse. Desirable 2nd floor unit with tons of light in every room. You’ll love the new open concept kitchen with a Calcutta waterfall island, stainless applianced and gray cabinets with brushed gold fixtures. The bathrooms feature Carrera marble, herringbone tile and designer lighting and fixtures. European oak hardwoods throughout, led lighting, large bedrooms and closets and even a full-sized steam washer/dryer. The unit also features two assigned carport parking spaces and a separate outside storage unit. Amenities include two pools within the complex; well-maintained grounds, guest parking, and 24-hour security. River Oaks Townhomes Community that is in close proximity to much of what Houston's Inner Loop has to offer including River Oaks District, Highland Village, Central Market, and restaurants.

Investor Tools

Property Icon
$164,000
Estimated Property Value
$0Estimated Mortgage Balance
$164,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$984 /month
Positive
Cash Flow Estimate:
$328 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,420
$163,448
2025
$31,055
$132,393
$163,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,420
$163,448

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$167,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
14.3%

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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4040 San Felipe St Apt 253 | Property Details | No Agent List