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$93,125

NAL Estimated Property Value

7962 Grove Ridge Drive, Houston, TX, 77061

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,156 Sq Ft
price_per_sqft$112.46 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal

Building Information

Year Built1972
Stories2

Land Information

APN1045530000001
SubdivisionGlenbrook T/H
Land UseResidential
Legal DescriptionUNIT 1 BLDG 3 1/151 INT COMM ELEMENT GLENBROOK T/H
Census Tract333100
Assessed Land Value$8,000
Assessed Improvement Value$85,125
Assessment Year2025

About this property

This gorgeous cozy recently renovated condo has everything you need, 2 stories, 2 bedrooms and 1 1/2 bath all upstairs except that half bath that is downstairs along with an open concept living room/dining room area and kitchen with a washer/dryer area in the kitchen makes perfect for a starter home or just a cozy place to call it home. Also would make a great investment opportunity. It's just minutes from Downtown, Minute Maid Park, NRG Stadium and just mere minutes away from Hobby Airport. All your necessary stores with a Fiesta and Kroger just around the corner for groceries and a newly built bike trail.

Investor Tools

Property Icon
$93,125
Estimated Property Value
$109,278Estimated Mortgage Balance
$93,125Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$780 /month
Positive
Cash Flow Estimate:
$260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$987
$93,125
2025
$8,000
$85,125
$93,125
No

Tax History

Year
Tax Paid
Assessed Value
2024
$987
$93,125

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$113,166
No
First
Jul 21, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$109,278
N/A
0%
117%
$707/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,007/mo
+$300/mo
16.8%

City: Houston

7962 Grove Ridge Drive | Property Details | No Agent List