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$488,000

NAL Estimated Property Value

4231 W Alabama St # 1, Houston, TX, 77027

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,796 Sq Ft
price_per_sqft$286.75 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee Owner

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
AppliancesDisposal, Microwave, Electric Range, Refrigerator, Dishwasher, Washer/Dryer, Oven, Cooktop
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1976
Garage Spaces2

Land Information

APN1115710000001
SubdivisionAfton Oaks T/H Condo 2nd Amend
Land UseResidential
Legal DescriptionUNIT D1 BLDG D .0557 INT COMMON LAND & ELE AFTON OAKS T/H CONDO 3RD AMEND
Census Tract411600
Assessed Land Value$92,638
Assessed Improvement Value$394,932
Assessment Year2025

About this property

Chic 2-story townhome with first floor living and private turfed backyard in prime Afton Oaks location. This gorgeous corner unit with an abundance of natural light features extensive renovations including new flooring, custom cabinetry, quartz countertops, open chef’s kitchen and designer finishes throughout. Other notable features include a wood burning fireplace with custom surround, plantation shutters, large primary suite and two secondary bedrooms all with hardwood floors. Countless upgrades including recent HVAC, water heater, electrical panel, PEX plumbing and LED lighting. Rare find walkable to shopping and restaurants in River Oaks District and Highland Village.

Investor Tools

Property Icon
$488,000
Estimated Property Value
$473,373Estimated Mortgage Balance
$14,627Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$756/month
$567/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,627
$487,570
2025
$92,638
$394,932
$487,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,627
$487,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lrs Financial Network Inc
Conventional
$486,350
No
First
Nov 13, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,373
$32,627
6%
97%
$2,916/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,483/mo
$-1,523/mo
4.8%

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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