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Owner Contacts

$503,295

NAL Estimated Property Value

7387 Sims Dr, Houston, TX, 77061

Off Market

5 Beds

4 Bath

2,724 Sq Ft

Single Family Residence

$141.34 / sqft

Built in 1970

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 5

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Ice Maker, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven, Refrigerator

FlooringVinyl

Exterior

Lot Size27,347 sqft

Building Information

Year Built1970

Stories1

Garage Spaces2

Land Information

APN0965700000003

Lot Number3

SubdivisionHamlins Woodland

Land UseResidential

Legal DescriptionLT 3 HAMLINS WOODLAND

Census Tract333600

Assessed Land Value$163,958

Assessed Improvement Value$339,337

Assessment Year2025

About this property

NO FLOODING - HOME IS HIGH AND DRY - Assimilating new construction, this home was taken down to the studs & remodeled w/ designer grade finishes and an open concept, featuring a spacious living area, a beautiful large granite island, 4 spacious bedrooms w/ 2 primary suites: one featuring separate his & her closets & the other featuring a one-bedroom guest suite with full kitchen amenities upstairs. You could even use the guest suite as a Home Office. All new wiring, electrical panel & riser, new PEX supply lines and PVC drain lines, new HVAC ducts (all mechanical brought up to code), energy efficient double pane windows. Less than a couple blocks from the recently redone Stewart Park w/ walking & biking trails. Redone back patio, add to the appeal of the property. The seller left no stone unturned. Easy access to UH, Downtown, Midtown, Museum District, Hobby Airport, & major freeways. Call today!

Investor Tools

$503,295

Estimated Property Value

$275,643Estimated Mortgage Balance

$227,652Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,020 /month

Positive

Cash Flow Estimate:

$1,007 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$747/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,450

$503,295

2025

$163,958

$339,337

$503,295

Tax History

Year

Tax Paid

Assessed Value

2024

$6,450

$503,295

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Network Funding Lp

Conventional

$285,000

First

Jul 22, 2024

Aug 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$275,643

$227,652

45%

55%

$1,709/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,709/mo

+$517/mo

5.3%

Learn About the Market: Opportunity in Houston

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