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B+

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Owner Contacts

$314,000

651 Bering Dr Unit 1405, Houston, TX, 77057

Off Market

2 Beds

2 Bath

1,528 Sq Ft

Condos / Townhouses

$220.88 / sqft

Built in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer

FlooringLaminate, Tile

Exterior

Exterior FeaturesTennis Court(s), Balcony

Building Information

Year Built1983

Stories1

Land Information

APN1152780140005

SubdivisionWoodway Place Ii Condo

Land UseResidential

Legal DescriptionUNIT 1405 FLOOR 14 .008548 INT COMMON LAND & ELE WOODWAY PLACE II CONDO

Census Tract431506

Assessed Land Value$43,208

Assessed Improvement Value$184,203

Assessment Year2025

About this property

Live in the heart of Tanglewood—just steps from Tanglewood Park! This beautifully updated condo combines style and convenience with premier shopping, dining, and cultural destinations right at your doorstep. The kitchen was fully remodeled in 2025, while the interior has been freshly painted and window seals restored for a crisp, move-in–ready feel. Bathrooms, updated in 2022/2023, feature new sinks, vanities, showers, and flooring. Expansive windows showcase sweeping views and fill the open-concept living area with natural light. Thoughtful design creates a comfortable retreat ideal for relaxing or entertaining, with access to resort-style amenities in one of Houston’s most sought-after neighborhoods.

Investor Tools

$314,000

Estimated Property Value

$154,000Estimated Mortgage Balance

$186,902Estimated Equity

51% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,025 /month

Positive

Cash Flow Estimate:

$675 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$369/month

$1,400/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,852

$227,411

2025

$43,208

$184,203

$227,411

Tax History

Year

Tax Paid

Assessed Value

2024

$2,852

$227,411

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Republic State Mortgage Co

Conventional

$154,000

First

Nov 7, 2017

Dec 2032

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$127,098

$194,902

60%

40%

$924/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,540/mo

$2,324/mo

$-784/mo

5.9%

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.

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