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$154,000

7106 Lockern St, Houston, TX, 77016

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,247 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.29 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size9,361 sqft

Building Information

Year Built1961
Stories1
Garage Spaces2

Land Information

APN0836510000724
Lot Number724
SubdivisionFontaine Place
Land UseResidential
Legal DescriptionLT 724 BLK 25 FONTAINE PLACE SEC 5
Census Tract231600
Assessed Land Value$57,375
Assessed Improvement Value$83,663
Assessment Year2025

About this property

3 bedrooms, (garage was converted into a bedroom or (if preferred, a bonus/game room.) One bath-room. Kitchen is off the Dining. Spacious living area for the family to relax. Utility room is part of the interior. Huge backyard.

Investor Tools

Property Icon
$154,000
Estimated Property Value
$145,500Estimated Mortgage Balance
$11,280Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$924 /month
Positive
Cash Flow Estimate:
$308 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$321/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,086
$141,038
2025
$57,375
$83,663
$141,038
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,086
$141,038

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$145,500
No
First
Apr 30, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,720
N/A
0%
93%
$873/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$873/mo
+$849/mo
13.4%

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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7106 Lockern St | Property Details | No Agent List