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$151,000

NAL Estimated Property Value

4041 Drake St Apt 118, Houston, TX, 77005

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths570 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$263.16 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Electric Range, Dryer, Washer/Dryer Stacked, Washer, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesStorage, Balcony

Building Information

Year Built1984

Land Information

APN1240540000018
SubdivisionThe Oaks At West University
Land UseResidential
Legal DescriptionUNIT 118 .00974 INT COMMON LAND & ELE CONDO THE OAKS AT WEST UNIVERSITY
Census Tract411801
Assessed Land Value$24,438
Assessed Improvement Value$104,183
Assessment Year2025

About this property

Welcome to 4041 Drake St., Unit 118! This home has been beautifully updated, meticulously maintained, AND is in the heart of West University. Step inside and you'll love the open layout highlighted by a large living and dining room, gleaming hardwood floors, a cozy fireplace, and a cook’s kitchen featuring solid maple shaker cabinets, granite counters, and stainless steel appliances. The spacious primary suite includes a large Walk-In closet with built-in space for a stackable washer and dryer, plus an additional closet. Your favorite place, as autumn arrives, might be on your spacious west-facing balcony for your morning coffee, an evening dinner & beverage, or to simply revel in an awe-inspiring sunset. There's even a storage closet out there, too! Just minutes from The Galleria, Rice University, the Medical Center, Popular Restaurants, Coffee Shops, Museums, and Everyday Conveniences. Move-in ready and brimming with custom finishes, this condo is the perfect place to call home!

Investor Tools

Property Icon
$151,000
Estimated Property Value
$0Estimated Mortgage Balance
$151,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$906 /month
Positive
Cash Flow Estimate:
$302 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$287/month
$351/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,691
$128,621
2025
$24,438
$104,183
$128,621
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,691
$128,621

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$147,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$351/mo
+$1,289/mo
13.0%

City: Houston