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$780,476

711 Lester St, Houston, TX, 77007

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,724 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$275.33 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,080 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN1458700010003
Lot Number3
Land UseResidential
Legal DescriptionLT 3 BLK 1 LESTER OAKS
Census Tract510801
Assessed Land Value$265,003
Assessed Improvement Value$515,473
Assessment Year2025

About this property

New construction - Expected completion January 2023! Welcome to Lester Oaks by TOMO Homes. Located in the heart of Rice Military, these modern 3 story homes boast over 2,700 square feet with a unique open floor plan that features 4 beds, 3.5 baths, first floor living space, large primary and secondary bedrooms, and a third floor rooftop terrace with city views, perfect for entertaining! Modern interior design includes an open kitchen with a quartz waterfall island, rustic oak ASIA cabinetry, Fisher & Paykel stainless steel appliances, European engineered white oak hardwoods throughout, and stainless steel wine cooler. The primary bedroom features an oversized walk-in closet, frameless glass shower and an elegant soaking tub. Additional features include walk-in utility room and pantry, pre wired security cameras, and private driveways. Enjoy being right across from Nellie Keyes Park, quick freeway access, and walking distance from Memorial Park and many bars and restaurants. No HOA!

Investor Tools

Property Icon
$780,476
Estimated Property Value
$586,000Estimated Mortgage Balance
$220,087Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,683 /month
Positive
Cash Flow Estimate:
$1,561 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,985
$780,476
2025
$265,003
$515,473
$780,476
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,985
$780,476

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$586,000
No
First
May 8, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$560,389
$220,087
28%
72%
$3,280/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,280/mo
+$60/mo
5.1%

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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711 Lester St | Property Details | No Agent List