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Owner Contacts

$220,000

NAL Estimated Property Value

7215 Richwood Rd, Houston, TX, 77087

Off Market

3 Beds

2 Bath

1,676 Sq Ft

Single Family Residence

$142.6 / sqft

Built in 1960

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Range, Dishwasher

Exterior

Lot Size7,148 sqft

Building Information

Year Built1960

Stories1

Garage Spaces2

Land Information

APN0922710000013

Lot Number13

SubdivisionTropicana Village

Land UseResidential

Legal DescriptionLT 13 BLK 8 TROPICANA VILLAGE

Census Tract332600

Assessed Land Value$49,525

Assessed Improvement Value$134,997

Assessment Year2025

About this property

Welcome to this beautifully updated home located just minutes from Hobby Airport and downtown Houston, offering convenience, comfort, and style all in one package. Enjoy peace of mind with a brand-new roof, and step inside to discover a freshly renovated interior featuring luxury vinyl flooring, fresh interior paint, and modern bathrooms with updated vanities and fixtures. The open floor plan creates a seamless flow between the living, dining, and kitchen areas—perfect for both entertaining and everyday living. This home is move-in ready and ideal for commuters, frequent travelers, or anyone looking to be close to the heart of Houston. Don’t miss out on this fantastic opportunity—schedule your showing today!

Investor Tools

$220,000

Estimated Property Value

$438,676Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,434 /month

Positive

Cash Flow Estimate:

$478 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$396/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,651

$184,522

2025

$49,525

$134,997

$184,522

Yes (2020)

Tax History

Year

Tax Paid

Assessed Value

2024

$3,651

$184,522

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Unknown

$222,930

First

Jun 3, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$438,676

N/A

199%

$2,674/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$2,674/mo

$-1,367/mo

7.1%

Learn About the Market: Opportunity in Houston

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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.

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