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$165,025

NAL Estimated Property Value

522 Rainy River Dr, Houston, TX, 77037

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,300 Sq Ft
price_per_sqft$153.77 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Free-Standing Range, Gas Range
FlooringTile

Exterior

Lot Size6,821 sqft

Building Information

Year Built1964
Stories1
Garage Spaces1

Land Information

APN0970520000337
Lot Number333
SubdivisionNorthline Terrace
Land UseResidential
Legal DescriptionLT 333 BLK 16 NORTHLINE TERRACE SEC 1
Census Tract221601
Assessed Land Value$34,010
Assessed Improvement Value$131,015
Assessment Year2025

About this property

Conveniently located near I-45 and just minutes from downtown, this property is a hidden gem ready for your personal touch. Recent updates include a newer roof and hot water heater, offering peace of mind while you focus on making the space your own. Inside, you’ll find a large kitchen, perfect for gathering, and a spacious laundry room complete with shelving and a built-in safe. The layout is functional and flexible, giving you plenty of room to create the home you’ve always envisioned. Outside, the backyard holds even more opportunity with a detached room awaiting renovation. This versatile space could be transformed into a private office, studio, guest suite, gym, or anything you can dream up. While the home needs some TLC, it offers incredible potential in a prime location. With quick access to major highways, shopping, and all the amenities of downtown, 522 Rainy River Drive is an excellent opportunity for buyers and investors alike.

Investor Tools

Property Icon
$165,025
Estimated Property Value
$0Estimated Mortgage Balance
$165,025Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$82/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$163
$165,025
2025
$34,010
$131,015
$165,025
No

Tax History

Year
Tax Paid
Assessed Value
2024
$163
$165,025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$165,025
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
12.5%

City: Houston

522 Rainy River Dr | Property Details | No Agent List