Last 24 Hours
$360,000
7309 Lockwood Drive, Houston, TX, 77016
$468,000 ARV
On Market
Commercial
8 Beds
3 Bath
3,385 Sq Ft
$106.35 / sqft
Built in 1975Highlights
Interior
Bedrooms 8
Bathrooms Full 1
HeatingExterior
Lot Size17,999 sqft
Building Information
Year Built1975
Land Information
APN0660200000228
Lot Number228
SubdivisionTrinity Gardens
Land UseResidential
Legal DescriptionLT 228 BLK 8 TRINITY GARDENS
Census Tract230400
Assessed Land Value$81,000
Assessed Improvement Value$177,134
Assessment Year2025
About this property
INVESTOR SPECIAL – 3 HOMES ON 18,000 SF LOT Rare income-producing setup with 3 dwellings on one oversized lot. 5 mins away from LBJ hospital. Front home (3 bed) is unfinished with clear value-add potential. Two rear homes (2 bed each) are tenant-occupied and producing immediate income. Strong location with quick access to US-59 and Loop 610. Property has never flooded. DO NOT DISTURB TENANTS. Limited access due to occupancy. Buyer to obtain new survey. All info is approximate; buyer to verify.
Investor Tools
$37,692Estimated Mortgage Balance
$362,308Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$468,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$617/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,401
$258,134
2025
$81,000
$177,134
$258,134
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,401
$258,134
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homecomings Financial Network Inc
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$81,600
No
First
Mar 8, 2006
Apr 2036
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$37,692
$362,308
90%
9%
$490/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$490/mo
+$1,232/mo
5.2%
12.4%