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$343,000

NAL Estimated Property Value

651 Bering Dr Unit 804, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,546 Sq Ft
price_per_sqft$250 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Instant Hot Water, Washer/Dryer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage, Tennis Court(s), Balcony

Building Information

Year Built1983
Stories1

Land Information

APN1152780080004
SubdivisionWoodway Place Ii Condo
Land UseResidential
Legal DescriptionUNIT 804 FLOOR 8 .008548 INT COMMON LAND & ELE WOODWAY PLACE II CONDO
Census Tract431506
Assessed Land Value$57,378
Assessed Improvement Value$244,609
Assessment Year2025

About this property

Designer’s pied-à-terre boasts a full renovation and premium quality finishes. Custom millwork throughout including wainscoting, crown molding, cased entries, solid wood doors, full height cabinetry and closet systems. Gleaming hardwood floors in the entry, living, dining and second bedroom which is currently used as a den with pocket doors opening to the living room. Kitchen with stainless Bosch and JennAir appliances, granite counters, North facing window at the kitchen sink, dry bar and separate pantry. Primary suite with white marble bathroom, vanity area, double sinks, linen closet and custom walk-in closet. Custom window coverings, neutral tones, built-in speakers, private balcony and 9 x 6 storage room. Wonderful Tanglewood location with 24 hour security, concierge, party room, pool and beautiful grounds.

Investor Tools

Property Icon
$343,000
Estimated Property Value
$0Estimated Mortgage Balance
$343,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,319 /month
Positive
Cash Flow Estimate:
$773 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$570/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,126
$301,987
2025
$57,378
$244,609
$301,987
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,126
$301,987

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$359,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,200/mo
+$340/mo
5.4%

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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651 Bering Dr Unit 804 | Property Details | No Agent List