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$214,900

718 Bering Drive B, Houston, TX, 77057

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,171 Sq Ft
price_per_sqft$183.52 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1978
Stories1

Land Information

APN1134060000005
SubdivisionBeringwood Condo
Land UseResidential
Legal DescriptionUNIT 23 BLDG J .007450 INT COMMON LAND & ELE BERINGWOOD CONDO
Census Tract431506
Assessed Land Value$33,999
Assessed Improvement Value$137,934
Assessment Year2025

About this property

Charming 2 bedroom, 2 bathroom upper-level condo in the sought after Tanglewood area! This great roommate-plan unit features fresh paint and new carpet throughout, gleaming parquet wood floors in the living and dining areas, and a wood-burning fireplace. The spacious living room flows into a formal dining area with a pass-through to the kitchen. Kitchen boasts quartz countertops, white cabinetry, full appliance package including refrigerator, and a stacked washer and dryer — all included! Both bedrooms offer adjoining bathrooms and walk-in closets. Private balcony off the kitchen plus an additional storage closet. Ceiling fans throughout. Covered carport parking. Community amenities include pool, tennis courts, clubhouse and controlled access gates. HOA covers water, sewer, cable TV, lawn care and exterior maintenance. Zoned to Briargrove Elementary. Walking distance to Tanglewood Park, top dining, shopping and entertainment. Don't miss this move-in ready gem!

Investor Tools

$101,991Estimated Mortgage Balance
$105,009Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,289 /month
Positive
Cash Flow Estimate:
$430 /month

Interested in this property?

Walter Bering

Martha Turner Sotheby's International Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$267/month
$385/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,171
$171,933
2025
$33,999
$137,934
$171,933
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,171
$171,933

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital One Na
Conventional
$132,000
No
First
Nov 9, 2015
Nov 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$101,991
$105,009
50%
49%
$792/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,177/mo
+$363/mo
8.9%

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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718 Bering Drive B | Property Details | No Agent List