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$600,000

NAL Estimated Property Value

4211 Drake Street B, Houston, TX, 77005

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,414 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$248.14 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Wine Refrigerator, Electric Oven, Oven, Gas Range, Dryer, Washer, Dishwasher, Washer/Dryer, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesCourtyard
Lot Size1,498 sqft

Building Information

Year Built2005
Garage Spaces1

Land Information

APN1264680010002
Lot Number2
SubdivisionDrake Lofts
Land UseResidential
Legal DescriptionLT 2 BLK 1 DRAKE LOFTS
Census Tract411801
Assessed Land Value$210,000
Assessed Improvement Value$352,484
Assessment Year2025

About this property

This stunning 3 bedroom, 2.5 bath home with a spacious [23 x 16] ROOFTOP DECK offers a perfect blend of style and functionality. Its open-concept design, soaring ceilings, and designer finishes create an inviting atmosphere. The kitchen features a breakfast bar that flows into the dining and living areas, anchored by a gas fireplace that adds warmth to multiple spaces. The dining area includes a serving bar with a built-in wine fridge. Upstairs, the third-floor primary suite boasts a beautifully designed wet room-style bathroom where the shower seamlessly integrates with the soaking tub. The two additional secondary bedrooms are well-sized. The rooftop deck is an ideal retreat to relax, read, or work - while enjoying the skyline and sunset views. HVAC replaced 2022. Tankless water heater. Prime location near restaurants, shopping, parks, and just minutes from the Texas Medical Center and downtown. Zoned to exemplary West University Elementary. Gorgeous!

Investor Tools

Property Icon
$600,000
Estimated Property Value
$577,976Estimated Mortgage Balance
$22,024Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$907/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,880
$562,484
2025
$210,000
$352,484
$562,484
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,880
$562,484

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Conventional
$585,000
No
First
May 15, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$577,976
$22,024
3%
96%
$3,553/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,553/mo
$-973/mo
5.2%

City: Houston

4211 Drake Street B | Property Details | No Agent List