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$229,900

7730 Covington Drive, Houston, TX, 77095

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,145 Sq Ft
price_per_sqft$107.18 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

BankruptcyHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Dishwasher

Exterior

Lot Size5,502 sqft

Building Information

Year Built1987
Garage Spaces2

Land Information

APN1162390030015
SubdivisionWheatstone Vlg Cloverfield
Land UseResidential
Legal DescriptionTR 15 BLK 3 WHEATSTONE VLG CLOVERFIELD
Census Tract541205
Assessed Land Value$52,734
Assessed Improvement Value$198,593
Assessment Year2025

About this property

Nestled in the established Chimneystone community, this 2,145 sq. ft. residence offers a functional two-story layout featuring 3 bedrooms and 2.5 bathrooms. The main level showcases a bright living area anchored by a masonry fireplace, alongside a versatile flex room ideal for a home office or guest space. The kitchen provides ample prep room and connects seamlessly to the dining area for easy entertaining. The spacious primary suite serves as a private retreat with an en-suite bath, while secondary bedrooms offer generous closet space. Outside, the 5,488 sq. ft. lot includes a private fenced backyard and a convenient attached two-car garage. Ideally located with quick access to Highway 6, local parks, and top-rated Cypress-Fairbanks ISD schools.

Investor Tools

$109,295Estimated Mortgage Balance
$152,705Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

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Kimberly Franco

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$112/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$32
$251,327
2025
$52,734
$198,593
$251,327
No

Tax History

Year
Tax Paid
Assessed Value
2024
$32
$251,327

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$189,750
No
First
Dec 15, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,295
$152,705
58%
42%
$1,187/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,987/mo
+$53/mo
9.3%

City: Houston

7730 Covington Drive | Property Details | No Agent List