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$209,000

NAL Estimated Property Value

4041 Law St Apt 401, Houston, TX, 77005

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,042 Sq Ft
price_per_sqft$213.05 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Trash Compactor, Microwave, Electric Cooktop, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringEngineered Wood, Tile

Building Information

Year Built1984

Land Information

APN1240540000049
SubdivisionThe Oaks At West University
Land UseResidential
Legal DescriptionUNIT 401 .01489 INT COMMON LAND & ELE CONDO THE OAKS AT WEST UNIVERSITY
Census Tract411801
Assessed Land Value$37,152
Assessed Improvement Value$158,386
Assessment Year2025

About this property

Prime Location in the Gated Community of The Oaks at West University! Nestled on a serene, tree-lined street, this charming 2-bedroom, 2-bathroom FIRST-FLOOR condo offers unbeatable convenience. Located just minutes from The Galleria, The Medical Center, and Rice University, it’s also zoned to the highly rated WUES. Enjoy easy access to shops, restaurants, and more within walking distance. This well-maintained unit features durable vinyl plank flooring, a cozy fireplace, and a kitchen with a breakfast bar. You’ll appreciate the generous closet and storage space throughout, plus a built-in desk in the primary and walk-in bathroom shower. The secondary bedroom has its own full bath, providing privacy and comfort. Recent updates include HVAC system, fresh paint throughout, and updated bathroom counters. HOA fees cover water, trash, access to the pool, and fitness center. Washer, dryer, refrigerator are all included, assigned parking is available. Move-in ready—comfort & convenience!

Investor Tools

Property Icon
$209,000
Estimated Property Value
$0Estimated Mortgage Balance
$209,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$428/month
$537/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,091
$195,538
2025
$37,152
$158,386
$195,538
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,091
$195,538

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$209,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$537/mo
+$1,423/mo
11.3%

City: Houston

4041 Law St Apt 401 | Property Details | No Agent List