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$389,000

7447 Cambridge Street 32, Houston, TX, 77054

On MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,114 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$184.01 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Cooktop, Electric Range, Free-Standing Range, Dishwasher, Washer/Dryer
FlooringLaminate, Tile

Building Information

Year Built1980
Stories2
Garage Spaces2

Land Information

APN1147400010032
SubdivisionCity Place
Land UseResidential
Legal DescriptionUNIT 32 CITY PLACE SEC 1
Census Tract314001
Assessed Land Value$80,000
Assessed Improvement Value$200,888
Assessment Year2025

About this property

Privately situated in a quiet, well-maintained community with 24-hour guard access, this 2BR/2.5BA corner-unit townhome offers 1st-floor living, high ceilings, hard-surface flooring, abundant natural light, an attached 2-car garage, three private courtyards, & excellent storage. The spacious living room features a fireplace, wet bar, & courtyard access, while the kitchen offers Silestone counters, a large island, & walk-in pantry. Upstairs, an oversized flex space is perfect for a home office, workout area, or additional living. The primary suite boasts vaulted ceilings, a fireplace, & balcony access, complemented by a spacious bath with a large walk-in closet, dual sinks, & walk-in shower. The guest bedroom includes a walk-in closet, oversized storage closet, & access to a large, floored attic. Recent updates include the half bath, AC, ductwork, & heat pump. Ideally located near the Texas Medical Center, Rice University, Rice Village, & the Museum District, this home truly has it all.

Investor Tools

Property Icon
$291,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

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Kirsten Abney

Better Homes and Gardens Real Estate Gary Greene - Woodway

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$637/month
$590/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,193
$280,888
2025
$80,000
$200,888
$280,888
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,193
$280,888

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$327,750
No
First
Mar 9, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,654
N/A
0%
106%
$1,966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$2,556/mo
$-886/mo
6.9%

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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