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$885,000

NAL Estimated Property Value

722 W 38th Street, Houston, TX, 77018

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,310 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$324.68 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size12,092 sqft

Building Information

Year Built1939
Garage Spaces2

Land Information

APN0660460250008
Lot Number8
SubdivisionGarden Oaks
Land UseResidential
Legal DescriptionLT 8 BLK 25 GARDEN OAKS SEC 2
Census Tract531000
Assessed Land Value$505,890
Assessed Improvement Value$362,541
Assessment Year2025

About this property

Completely redesigned modern farmhouse w/3 bedrooms & 2 full baths on an extra spacious lot in Garden Oaks. Taken down to the studs; this home has a refashioned floor plan with stunning hardwood oak floors, black framed windows, designer lighting, & all new mechanics! Double doors lead you into a fresh & bright foyer followed by the kitchen & dining areas w/quartz countertops, shaker style cabinets, farmhouse apron sink, all new stainless steel appliances & a wine bar! The living room offers a comfortable feel along with an accent wall & fireplace. The office is situated upstairs w/lots natural light. The basement or mud room is huge & perfect for organization of whatever you need! The primary suite offers 2 closets, frameless shower, soaking tub, dual sinks, quartz countertops & a functional barn door for privacy. French doors lead you to the backyard onto a brand new wooden deck, large 2 car detached garage, & covered patio. Tons of grass space to design the backyard of your dreams!

Investor Tools

Property Icon
$885,000
Estimated Property Value
$645,230Estimated Mortgage Balance
$239,770Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,310 /month
Positive
Cash Flow Estimate:
$1,770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,398/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,347
$868,431
2025
$505,890
$362,541
$868,431
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,347
$868,431

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$688,750
No
First
Dec 29, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$645,230
$239,770
27%
73%
$4,130/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$4,130/mo
$-2,408/mo
2.3%

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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722 W 38th Street | Property Details | No Agent List