23Days on Market

1view

$184,900

4041 Drake Street 212, Houston, TX, 77005

On Market

2 Beds

1 Bath

802 Sq Ft

$230.55 / sqft

Built in 1984

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Refrigerator Included, Electric Oven, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Engineered Wood, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1984

Land Information

APN1240540000036

SubdivisionThe Oaks At West University

Land UseResidential

Legal DescriptionUNIT 212 .01243 INT COMMON LAND & ELE CONDO THE OAKS AT WEST UNIVERSITY

Census Tract411801

Assessed Land Value$30,084

Assessed Improvement Value$128,252

Assessment Year2025

About this property

Perched among the trees, this beautifully updated 2-bedroom residence at Oaks at West University offers a serene, treehouse-like setting paired with exceptional care & thoughtful updates. The north-facing home is filled with abundant natural light, creating a bright & inviting atmosphere throughout. Included are a refrigerator & new in-unit stackable washer & dryer for added convenience. Private balcony with an additional storage closet extends the living space outdoors. Notable improvements include double-pane windows, a beautifully remodeled bathroom, recent HVAC system, & more. Ideally located with zoning to West University Elementary & Lamar High School, the community is just minutes from Rice University, the Texas Medical Center, Greenway Plaza, the Galleria, & an outstanding selection of shopping & dining. Residents enjoy gated access, a sparkling pool, exercise room & outdoor grilling area.

Investor Tools

$0Estimated Mortgage Balance

$190,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,140 /month

Positive

Cash Flow Estimate:

$380 /month

Interested in this property?

Kenneth Jones

Coldwell Banker Realty - Bellaire-Metropolitan

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$79/month

$450/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$158,336

2025

$30,084

$128,252

$158,336

Tax History

Year

Tax Paid

Assessed Value

2024

$158,336

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Home Mortgage Inc

N/A

$19,557

First

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$190,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$450/mo

+$1,510/mo

12.4%

Learn About the Market: Opportunity in Houston

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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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