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Owner Contacts

$162,000

NAL Estimated Property Value

7575 Katy Fwy Apt 7, Houston, TX, 77024

Off Market

1 Beds

1 Bath

1,038 Sq Ft

$105.88 / sqft

Built in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Range, Dryer, Washer, Dishwasher, Washer/Dryer

FlooringConcrete

Building Information

Year Built1972

Stories1

Land Information

APN1120850000007

SubdivisionBayou Woods Condo

Land UseResidential

Legal DescriptionTH 7 BLDG B .006414 INT COMMON LAND & ELE BAYOU WOODS CONDO

Census Tract430101

Assessed Land Value$26,857

Assessed Improvement Value$114,496

Assessment Year2025

About this property

Fantastic renovation opportunity at Bayou Woods Condos. Desirable GROUND FLOOR 1/1 unit with great floor plan featuring large LR, Study/Flex Room, separate DR space, spacious Bedroom, generous closets & private patio. This blank canvas awaits your updating in Kitchen, Bath and finishes. Carpet has been removed throughout to cement slab for Buyer to install their own after closing. Study/Flex Room could easily be converted to 2nd Bedroom by enclosing opening to Living Room. Unit comes with 1 assigned carport space and a private exterior storage closet. Monthly HOA fee of $593 covers ELECTRICITY, water, hot water, sewer, trash, 24/7 Gate Attendant, onsite Property Manager, grounds and common area insurance and maintenance. Community offers 2 pools with manicured grounds. Zoned to excellent SBISD schools! Property is SOLD AS-IS. Seller will not do repairs or give concessions. HOA does NOT allow any short term AirBNB type rentals.

Investor Tools

$162,000

Estimated Property Value

$0Estimated Mortgage Balance

$162,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$972 /month

Positive

Cash Flow Estimate:

$324 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$203/month

$593/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,626

$141,353

2025

$26,857

$114,496

$141,353

Tax History

Year

Tax Paid

Assessed Value

2024

$1,626

$141,353

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$141,353

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,600/mo

$593/mo

+$1,007/mo

11.9%

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