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$220,000

7234 Colima Dr, Houston, TX, 77083

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,299 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.36 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Dishwasher

Exterior

Lot Size6,453 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN5040-01-006-0090-907
Lot Number9
SubdivisionMission West Sec 1
Land UseResidential
Legal DescriptionMISSION WEST SEC 1, BLOCK 6, LOT 9
Census Tract672603
Assessed Land Value$70,395
Assessed Improvement Value$170,734
Assessment Year2025

Investor Tools

$97,771Estimated Mortgage Balance
$135,713Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,401 /month
Positive
Cash Flow Estimate:
$467 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$261/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,963
$233,484
2025
$70,395
$170,734
$241,129
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,963
$233,484

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$122,125
Yes
First
Feb 3, 2017
Mar 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,771
$135,713
58%
42%
$733/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,133/mo
+$589/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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