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$222,000

NAL Estimated Property Value

4041 Law St Apt 508, Houston, TX, 77005

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,042 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.44 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Dishwasher
FlooringWood

Building Information

Year Built1984

Land Information

APN1240540000068
SubdivisionThe Oaks At West University
Land UseResidential
Legal DescriptionUNIT 508 .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

Location Location Location, this 2 bedroom 2 bath condo is close to everything. The unit has hardwood flooring and traverntine flooring. The kitchen opens up to the living area and dining. The building is a gated community for safety. Call us for an appt to see.

Investor Tools

Property Icon
$222,000
Estimated Property Value
$0Estimated Mortgage Balance
$222,000Estimated 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
$433/month
No HOA
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
$225,000
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
10.6%

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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4041 Law St Apt 508 | Property Details | No Agent List