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$397,000

NAL Estimated Property Value

4391 Varsity Ln, Houston, TX, 77004

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,580 Sq Ft
price_per_sqft$252.85 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Oven
FlooringTile, Wood

Exterior

Lot Size7,802 sqft

Building Information

Year Built1949
Garage Spaces3

Land Information

APN0681270010036
Lot Number36
SubdivisionUniversity Oaks
Land UseResidential
Legal DescriptionLT 36 BLK 1 UNIVERSITY OAKS
Census Tract312000
Assessed Land Value$240,000
Assessed Improvement Value$61,577
Assessment Year2025

About this property

Nestled in the heart of University Oaks, this single-story 3-bedroom home radiates timeless charm and distinctive architectural character. Beautifully restored original windows fill the living room with natural light, highlighting the wall of diamond-shaped built-in bookshelves. Restored hardwood floors and picture rails in every room showcase thoughtful craftsmanship. The remodeled kitchen is a showpiece with striking blue cabinetry, gold hardware, sleek countertops, and modern updates that blend effortlessly with the home’s classic appeal. A fully separate 2-bedroom, 1-bath cottage (approx. 500 sq ft) includes a kitchenette, its own electric meter with independent billing, ideal for rental income, guests, or studio space. Combined with the 1,580 sq ft main home, the property offers approx. 2,080 sq ft of total living space. Moments from Hermann Park, the Museum District, the Houston Zoo, and walkable UH amenities, this home delivers charm, convenience, and exceptional versatility.

Investor Tools

Property Icon
$397,000
Estimated Property Value
$470,298Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,397 /month
Positive
Cash Flow Estimate:
$799 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$653/month
$265/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,850
$301,577
2025
$240,000
$61,577
$301,577
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,850
$301,577

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Credit Line (Revolving) / Heloc
$84,280
No
First
Oct 28, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$470,298
N/A
0%
118%
$2,861/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,126/mo
$-1,404/mo
5.2%

Learn About the Market: Opportunity in Houston

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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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