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$216,000

NAL Estimated Property Value

414 Oaks Drive, South Houston, TX, 77587

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,223 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.57 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,981 sqft

Building Information

Year Built1959
Stories1
Garage Spaces1

Land Information

APN0914220000015
Lot Number15
SubdivisionMerilyn Plaza
Land UseResidential
Legal DescriptionLT 15 BLK 2 MERILYN PLAZA SEC 1
Census Tract321500
Assessed Land Value$64,041
Assessed Improvement Value$144,480
Assessment Year2025

About this property

Many renovations, tastefully designed to accommodate everyone's needs. Primary bedroom expanded and closet made into a walk-in. Huge family area. Large pecan tree giving nice shade to wooden deck and fenced backyard. Wood floors in one bedroom. Newer roof. Garage converted into a bedroom. Widened concrete driveway for parking up to 6 cars. Did not flood in Harvey.

Investor Tools

Property Icon
$216,000
Estimated Property Value
$117,124Estimated Mortgage Balance
$98,876Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,296 /month
Positive
Cash Flow Estimate:
$432 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$295/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,464
$208,521
2025
$64,041
$144,480
$208,521
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,464
$208,521

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The M2 Organization Llc
Purchase Money Mortgage
$130,000
No
First
Mar 18, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,124
$98,876
45%
54%
$780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$780/mo
+$942/mo
9.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: South Houston

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414 Oaks Drive | Property Details | No Agent List