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$159,000

NAL Estimated Property Value

7405 Lockwood Dr, Houston, TX, 77016

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,236 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.53 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size17,999 sqft

Building Information

Year Built1986
Stories1

Land Information

APN0660200000224
Lot Number224
SubdivisionTrinity Gardens
Land UseResidential
Legal DescriptionLT 224 BLK 8 TRINITY GARDENS
Census Tract230400
Assessed Land Value$81,000
Assessed Improvement Value$69,000
Assessment Year2025

About this property

This is an Estate Listing! Calling all Investors and Builders! Welcome to the historic Trinity Gardens, a transitioning neighborhood, with several new construction homes on the street & throughout the neighborhood. One of the distinguishing features of this property is its unrestricted 18,000 square foot lot. This versatile property has endless opportunities for a rehab, single family new construction, small multifamily development, commercial property, etc. Close proximity to all the major highways and downtown. Don't miss this opportunity!

Investor Tools

Property Icon
$159,000
Estimated Property Value
$0Estimated Mortgage Balance
$159,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$954 /month
Positive
Cash Flow Estimate:
$318 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$397/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,967
$150,000
2025
$81,000
$69,000
$150,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,967
$150,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$153,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
9.9%

Learn About the Market: Opportunity in Houston

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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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7405 Lockwood Dr | Property Details | No Agent List