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$252,000

7906 Lockwood Drive, Houston, TX, 77016

Off MarketInfo
Baths0 Bath
Baths1,944 Sq Ft

Highlights

Interior

Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size20,613 sqft

Building Information

Year Built1940
Stories1

Land Information

APN0570050020032
Lot Number32
SubdivisionIndependence Home
Land UseResidential
Legal DescriptionLT 32 BLK 2 INDEPENDENCE HOME
Census Tract230300
Assessed Land Value$120,662
Assessed Improvement Value$123,572
Assessment Year2025

About this property

COMMERCIAL BUSINESS OPPORTUNITY, Property is being sold for land value. 2 lots being sold together. New businesses next to lot include new gas station and new fast food restaurant (Burger King). Call me for any further info.

Investor Tools

Property Icon
$252,000
Estimated Property Value
$0Estimated Mortgage Balance
$252,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$573/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,611
$244,234
2025
$120,662
$123,572
$244,234
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,611
$244,234

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$252,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
N/A
+$2,226/mo
10.6%

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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