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$166,000

NAL Estimated Property Value

706 Bering Dr # 98, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths935 Sq Ft
price_per_sqft$191.44 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Trash Compactor, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony, Storage

Building Information

Year Built1978
Stories1

Land Information

APN1134000000006
SubdivisionBeringwood Condo
Land UseResidential
Legal DescriptionUNIT 98 BLDG C .006120 INT COMMON LAND & ELE BERINGWOOD CONDO
Census Tract431506
Assessed Land Value$28,015
Assessed Improvement Value$119,433
Assessment Year2025

About this property

Welcome to your charming 2nd-floor condo in a secure, gated community in the heart of the Galleria area! This inviting residence offers 2 spacious bedrooms and an updated bath, complete with fresh paint, recent carpet, modern appliances, and a stylish kitchen featuring crisp white countertops. Cozy up by the wood-burning fireplace in a space that effortlessly blends comfort and contemporary style. Enjoy the convenience of an assigned covered carport, in-unit washer/dryer, and refrigerator, while the HOA takes care of water, exterior insurance, and trash. The community boasts a sparkling pool, tennis courts, and a clubhouse, with plenty of visitor parking. Plus, Tanglewood Park is just a short walk away for jogging or leisurely strolls. Don't miss out on this perfect blend of comfort, style, and convenience! All per Seller.

Investor Tools

Property Icon
$166,000
Estimated Property Value
$142,284Estimated Mortgage Balance
$23,716Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$217/month
$317/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,778
$147,448
2025
$28,015
$119,433
$147,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,778
$147,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$144,000
No
First
Mar 31, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,284
$32,716
18%
86%
$959/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,276/mo
+$264/mo
11.1%

City: Houston

706 Bering Dr # 98 | Property Details | No Agent List