NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$222,000

NAL Estimated Property Value

4041 Law St Apt 501, Houston, TX, 77005

Off Market

2 Beds

2 Bath

1,042 Sq Ft

Condos / Townhouses

$210.17 / sqft

Built in 1984

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Refrigerator, Washer/Dryer Stacked, Dishwasher, Washer/Dryer, Oven

FlooringTile

Building Information

Year Built1984

Land Information

APN1240540000061

SubdivisionThe Oaks At West University

Land UseResidential

Legal DescriptionUNIT 501 .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

Lovely condominium apartment in central location in West University near I-59/69 and the 610 Loop, with easy access to the Medical Center, Galleria, and Downtown. Situated on a tree-lined street in a nice walking neighborhood near shops and restaurants. This 2 bedroom unit has a large open concept living/dining/kitchen area allowing flexible furniture placement. Low maintenance ceramic tile throughout. Kitchen boasts stainless steel appliances. Each bedroom has an en-suite bath and walk-in closet. Unit is situated on the first floor offering convenience, with easy access to parking. Complex has a nice pool and fitness room as well as some green space with picnic tables and outdoor grill. Gated security driveway, assigned carport parking, and pedestrian gate with secure entrance. Maintenance fees include basic cable and water/sewer/trash. Stackable W/D and Refrigerator included. Zoned to West U Elementary.

Investor Tools

$222,000

Estimated Property Value

$153,399Estimated Mortgage Balance

$68,601Estimated Equity

33% 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

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$95/month

$390/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$26

$195,538

2025

$37,152

$158,386

$195,538

Tax History

Year

Tax Paid

Assessed Value

2024

$26

$195,538

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Conventional

$169,600

First

May 21, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$153,399

$76,601

33%

69%

$1,017/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,407/mo

+$553/mo

10.6%

Learn About the Market: Opportunity in Houston

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 This Area