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Owner Contacts

$221,000

NAL Estimated Property Value

4041 Law Street 511, Houston, TX, 77005

Off Market

2 Beds

2 Bath

1,042 Sq Ft

Condos / Townhouses

$214.01 / sqft

Built in 1984

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringLaminate, Tile, Wood

Building Information

Year Built1984

Land Information

APN1240540000071

SubdivisionThe Oaks At West University

Land UseResidential

Legal DescriptionUNIT 511 .01489 INT COMMON LAND & ELE CONDO THE OAKS AT WEST UNIVERSITY

Census Tract411801

Assessed Land Value$40,867

Assessed Improvement Value$174,224

Assessment Year2025

About this property

Great Location, luxury and cozy~ Great opportunity to live in this beautifully updated 2/2 condo in West University. Updates include Custom wood cabinets, granite counter tops, stainless appliances, new wood floors in the bedrooms, Carrara marble fireplace surround, all new plumbing fauces, Wifi AC thermostat control by cell phone, new water heater, new Air handler, new toilets, under counter lighting in kitchen, breakfast bar, built in wine rack, crown molding throughout, custom lighting. Washer, dryer, and refrigerator included. Soundproofing AC. Second floor with great natural light. One Assigned parking just beside the stairs, secure gate access, community Gym, Pool and Picnic area.

Investor Tools

$221,000

Estimated Property Value

$170,544Estimated Mortgage Balance

$50,456Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,338 /month

Positive

Cash Flow Estimate:

$446 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$320/month

$387/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,738

$215,091

2025

$40,867

$174,224

$215,091

Tax History

Year

Tax Paid

Assessed Value

2024

$2,738

$215,091

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Network Funding Lp

Conventional

$190,800

First

Nov 16, 2020

Dec 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$170,544

$50,456

22%

77%

$1,144/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,531/mo

+$429/mo

10.6%

Learn About the Market: Opportunity in Houston

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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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