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$179,000

NAL Estimated Property Value

706 Bering Drive E, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths935 Sq Ft
price_per_sqft$210.7 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesStorage, Courtyard

Building Information

Year Built1978
Stories1

Land Information

APN1134000000014
SubdivisionBeringwood Condo
Land UseResidential
Legal DescriptionUNIT 106 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

Gorgeous first-floor property for easy access, gated community. This fully upgraded condo features hardwood floors throughout and an oversized built in entertainment center with lots of extra storage. Plantation shutters on the windows. Breakfast bar offers extra sitting and opens the kitchen to the den. Shiplap on the ceiling in the family room, breakfast & kitchen. The floating mantel anchors the shiplap fireplace. Built in wine bar with cabinetry and elegant backsplash. The kitchen features Granite countertops and SS appliances. The primary bathroom has been fully upgraded with a glass shower & Granite countertops & double sinks. The primary has an oversized walk in closet. If you are looking for a home close to the Galleria with easy access to restaurants and shopping that has been fully upgraded and updated, this is your next home. Refrigerator, Washer/Dryer included! Condo has easy access to the pool. Extra storage closet off the patio. Schedule an appointment today.

Investor Tools

Property Icon
$179,000
Estimated Property Value
$116,759Estimated Mortgage Balance
$62,241Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,182 /month
Positive
Cash Flow Estimate:
$394 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
$328/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
Gardner Financial Services Ltd
Conventional
$124,800
No
First
May 27, 2016
Jun 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,759
$62,241
34%
65%
$890/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,218/mo
+$322/mo
10.3%

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.

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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706 Bering Drive E | Property Details | No Agent List