1view

Owner Contacts

$479,354

NAL Estimated Property Value

4388 Varsity Ln, Houston, TX, 77004

Off Market

3 Beds

2 Bath

1,692 Sq Ft

Single Family Residence

$264.78 / sqft

Built in 1946

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer

FlooringVinyl, Wood

Exterior

Lot Size7,802 sqft

Building Information

Year Built1946

Garage Spaces1

Land Information

APN0681270020015

Lot Number15

SubdivisionUniversity Oaks

Land UseResidential

Legal DescriptionLT 15 BLK 2 UNIVERSITY OAKS

Census Tract312000

Assessed Land Value$240,000

Assessed Improvement Value$239,354

Assessment Year2025

About this property

Exclusive property located in professional quiet community. Property includes main house (1692 sf) AND a guesthouse (676 sf) = 2306 sf. This is like buying 2 houses on a single property! Live in the main house or live in the cottage! You pick. Main house is 3 bedrooms/2 bathrooms, updated wiring/electrical, plumbing, kitchen with quartz countertops. Recent Improvements: new exterior paint, new roof, new re-leveled foundation, new tankless water heater, engineered wood floors, and French drains. Incredible 2019 guesthouse: 1 bedroom/1 bath, kitchen, walk-in closet, living room, covered patio, storage/utility room with washer/dryer, separate tankless water heater & electric meter. Property sits 1 block from University of Houston and a light rail stop providing easy access to Medical Center and Downtown. House has never flooded per seller. Current appliances stay with house. Come live in this delightful home with a guesthouse can serve so many purposes.

Investor Tools

$479,354

Estimated Property Value

$374,846Estimated Mortgage Balance

$104,508Estimated Equity

21% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,876 /month

Positive

Cash Flow Estimate:

$959 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,114/month

$210/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,968

$479,354

2025

$240,000

$239,354

$479,354

Tax History

Year

Tax Paid

Assessed Value

2024

$10,968

$479,354

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Raymond James Bank Na

Conventional

$404,100

First

Sep 20, 2022

Oct 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$374,846

$104,508

21%

78%

$1,842/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,052/mo

$-330/mo

4.3%

Learn About the Market: Opportunity in Houston

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 This Area