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B+
NoAgentList RatingHow are grades calculated?Info
Days57Days on Market
Views1view
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$265,000

701 Bering Drive 402, Houston, TX, 77057

On MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,285 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$206.23 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Free-Standing Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Building Information

Year Built1977
Stories2
Garage Spaces2

Land Information

APN1116880000002
Land UseResidential
Legal DescriptionUNIT 402 BLDG D .00959 INT COMMON LAND & ELE WOODWY PINES T/H CONDO
Census Tract431506
Assessed Land Value$51,238
Assessed Improvement Value$218,434
Assessment Year2025

About this property

Lovely loft, with extended floor to make BONUS ROOM. Seller verifies sq.ft. is 1,285. Use this bonus space for baby room, home office, yoga space, guest room or extra den. Manufactured hardwoods on the first floor and updated kitchen. Washer, dryer, electric range and all window covers stay. Patio ready for your pretty furniture. Garage holds two cars. MUST SEE.

Investor Tools

$183,147Estimated Mortgage Balance
$86,525Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,618 /month
Positive
Cash Flow Estimate:
$539 /month

Interested in this property?

Marsha Schenau

Keller Williams Memorial

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
$583/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,711
$269,672
2025
$51,238
$218,434
$269,672
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,711
$269,672

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$197,250
No
First
Aug 10, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,147
$86,525
32%
68%
$1,183/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,290/mo
$1,766/mo
$-476/mo
5.7%

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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701 Bering Drive 402 | Property Details | No Agent List