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$248,000

NAL Estimated Property Value

7118 Heron Dr, Houston, TX, 77087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,577 Sq Ft
price_per_sqft$158.53 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Gas Cooktop, Dishwasher
FlooringTile

Exterior

Lot Size10,128 sqft

Building Information

Year Built1970
Stories1
Garage Spaces1

Land Information

APN0741530200005
Lot Number4,5
SubdivisionBayou Oaks
Land UseResidential
Legal DescriptionLT 5 & E 1/2 LT 4 BLK 20 BAYOU OAKS
Census Tract332500
Assessed Land Value$92,813
Assessed Improvement Value$121,461
Assessment Year2025

About this property

This single story home sits on an approximately 10,125 square foot lot in the established Bayou Oaks subdivision near Hobby Airport. The roof was replaced approximately two years ago. The home features tile flooring throughout and fresh interior paint. The backyard includes a covered patio and a large access gate that provides convenient entry to the yard. A detached structure in the backyard offers additional flexible space and presents an opportunity to finish as a craft room, workshop, studio, or efficiency style living area. The property also includes a water softener and filtration system that will convey with the home. No HOA!

Investor Tools

Property Icon
$248,000
Estimated Property Value
$160,410Estimated Mortgage Balance
$87,590Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$477/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,483
$214,274
2025
$92,813
$121,461
$214,274
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,483
$214,274

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The M2 Organization Llc
Purchase Money Mortgage
$175,000
No
First
Jan 25, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$160,410
$87,590
35%
65%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,050/mo
+$672/mo
8.3%

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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7118 Heron Dr | Property Details | No Agent List