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$329,198

NAL Estimated Property Value

7316 Sherman St, Houston, TX, 77011

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths2,016 Sq Ft
Multi FamilyMulti Family
price_per_sqft$194.94 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2,500 sqft

Building Information

Year Built2018
Stories1

Land Information

APN0251110000034
Lot Number34
SubdivisionMagnolia Park
Land UseResidential
Legal DescriptionLT 34 BLK 18 MAGNOLIA PARK SEC 2
Census Tract310900
Assessed Land Value$67,500
Assessed Improvement Value$261,698
Assessment Year2025

About this property

Welcome to 7316 Sherman! This absolutely gorgeous two-story duplex features two bedrooms and one full bathroom each! Plenty of natural lighting, lots of open space, with polished flooring throughout the 1st floor home. Upstairs has hardwood floors throughout. Both units come equipped with all appliances, including washers and dryers in each unit. ONE UNIT is LEASED!! INCOME-PRODUCING PROPERTY DOES NOT DISTURB TENANTS - PHOTOS ARE FROM WHEN THE HOME WAS BUILT. IT HAS SINCE BEEN DIVIDED AND CONVERTED TO A DUPLEX

Investor Tools

Property Icon
$329,198
Estimated Property Value
$309,875Estimated Mortgage Balance
$19,323Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,358 /month
Positive
Cash Flow Estimate:
$786 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$499/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,346
$329,198
2025
$67,500
$261,698
$329,198
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,346
$329,198

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
J S C Federal Credit Union
Conventional
$323,000
No
First
Feb 2, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$309,875
$19,323
5%
94%
$1,937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,937/mo
+$289/mo
8.1%

City: Houston

7316 Sherman St | Property Details | No Agent List