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Owner Contacts

$200,000

NAL Estimated Property Value

7834 Sherman St, Houston, TX, 77012

Off Market

3 Beds

2 Bath

1,412 Sq Ft

$184.07 / sqft

Built in 1938

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Gas Range, Dishwasher

FlooringLaminate, Tile

Exterior

Lot Size7,501 sqft

Building Information

Year Built1938

Stories1

Garage Spaces2

Land Information

APN0251060000042

Lot Number42-44

SubdivisionMagnolia Park

Land UseResidential

Legal DescriptionLTS 42 43 & 44 BLK 13 MAGNOLIA PARK SEC 2

Census Tract311100

Assessed Land Value$93,750

Assessed Improvement Value$106,250

Assessment Year2025

About this property

Centenarian Craftsman bungalow in EADO- Magnolia Park taken down to studs w all new roof, electrical, plumbing, water heater, added central AC/Heating system incl. duct work, flooring, counters, lighting, cordless blinds etc. Modern open social kitchen/dining/living area & privacy hallway leads to 3 bedrooms. Bright primary bedroom w newly added half bath within as fully modernized full bath w double counters is down the hall to share w extra counters/cabinets in laundry. New laminate flooring throughout w custom tile in baths. Magnolia white kitchen, soft closing cabinets incl pot drawers, granite counters, breakfast bar, SS appliances coming. Sits on 3 full lots, fully fenced w concrete driveway to carport w cafe lights, fans, storage shed w lg space to gather, garden & play! 1 mile from MetroRail, under 10 miles from Downtown, Med Center UofH, Museums, Sports/Event Arenas, Airport & historical food+entmt. Don't sit on buying real estate, buy real estate & sit- Magnolia Park is NEXT!

Investor Tools

$200,000

Estimated Property Value

$225,006Estimated Mortgage Balance

$8,994Estimated Equity

3% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,559 /month

Positive

Cash Flow Estimate:

$520 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$290/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,485

$200,000

2025

$93,750

$106,250

$200,000

Tax History

Year

Tax Paid

Assessed Value

2024

$2,485

$200,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guild Mortgage Co

Fha

$245,471

Yes

First

Dec 7, 2021

Jan 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$225,006

$8,994

113%

$1,472/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,472/mo

+$250/mo

10.3%

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