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$279,000

7122 Palmetto Street, Houston, TX, 77087

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,639 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.23 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Freestanding Oven, Gas Oven, Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile, Wood

Exterior

Lot Size6,713 sqft

Building Information

Year Built1950
Stories1
Garage Spaces2

Land Information

APN0681380110007
Lot Number7
SubdivisionWoodridge
Land UseResidential
Legal DescriptionLT 7 BLK 11 WOODRIDGE SEC 3
Census Tract311300
Assessed Land Value$85,470
Assessed Improvement Value$131,069
Assessment Year2025

About this property

3/2/0 Tastefully updated home with hardwoods running thru the formals & bedrooms. Kitchen features granite countertops, tumbled marble backsplash, ceramic tile flooring, newly installed gas range & butcher block. Kitchen cabinets just repainted. Large kitchen w/breakfast area, including a coffee bar. Both bathrooms have been totally renovated with tile walls, granite counters & tile surround. Master suite on opposite side of house. Expansive porch & covered patio. Well-designed workshop (13 x 13) for multipurpose use w/electricity & window unit. Freshly painted exterior of house w/newly painted front & back porch. Electric box replaced in 2022. New composition roof installed in 2025 on both the house & workshop. Foundation repaired in 2025. Prime location with direct access to 610 & 45. Located near Gulfgate Mall for shopping & HCC- Southeast campus. Refrigerator, washer, dryer, shall convey with property.

Investor Tools

$208,097Estimated Mortgage Balance
$8,442Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

Interested in this property?

Jean Shabot

Berkshire Hathaway HomeServices Premier Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,821
$216,539
2025
$85,470
$131,069
$216,539
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,821
$216,539

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certainty Home Loans Llc
Stand Alone First / Home Equity First Lien
$228,313
No
First
Oct 29, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,097
$8,442
3%
96%
$1,369/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,369/mo
+$353/mo
9.5%

City: Houston

7122 Palmetto Street | Property Details | No Agent List