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$389,000

NAL Estimated Property Value

7932 Way St, Houston, TX, 77028

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths2,300 Sq Ft
price_per_sqft$178.26 / sqft
Year BuiltBuilt in 2023

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,899 sqft

Building Information

Year Built2023

Land Information

APN1468620010001
Lot Number1
Land UseResidential Duplex
Legal DescriptionLT 1 BLK 1 PARKHURST MEADOWS
Census Tract231000
Assessed Land Value$52,670
Assessed Improvement Value$311,965
Assessment Year2025

About this property

Check this two-story 2023 CONSTRUCTION DUPLEX! Tenant occupied, already cash flowing.!! Showings by appointment only, please do not disturb tenants. Great quality builder with a great quality product! 3 bedroom, 2 bathrooms, 1,150 SF each unit with laminate flooring, kitchens with granite, backsplash and plenty of cabinetry space and washer/dryer connection. Each unit feature spacious bedrooms with closets and bathrooms with cozy tub. Located in a quiet neighborhood. This cash cow investment property can be yours today! Listing has model house pictures - property have similar finishes but layout for this property could be different than model house.

Investor Tools

Property Icon
$389,000
Estimated Property Value
$321,732Estimated Mortgage Balance
$67,268Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$802/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,679
$364,635
2025
$52,670
$311,965
$364,635
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,679
$364,635

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North American Financial Corp
Conventional
$328,000
No
First
Apr 28, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$321,732
$92,268
22%
83%
$1,967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,967/mo
$-245/mo
5.3%

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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