2Days on Market

1view

$109,000

8423 Hearth Drive #3, Houston, TX, 77054

On Market

Just Added

3 Beds

2 Bath

1,274 Sq Ft

Condos / Townhouses

$85.56 / sqft

Built in 1979

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Microwave, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

Building Information

Year Built1979

Stories1

Land Information

APN1141530060016

Lot Number34

SubdivisionHearthwood Condo

Land UseResidential

Legal DescriptionLT 34 BLDG 6 .28973 INT COMMON LAND & ELE HEARTHWOOD CONDO SEC 1

Census Tract314301

Assessed Land Value$18,905

Assessed Improvement Value$80,595

Assessment Year2025

About this property

Charming single-story condo in Houston's sought-after Medical Center Area! This 3-bedroom, 2-bathroom home offers 1,274 sq ft, with all bedrooms conveniently located on the first floor. The open living area flows into a combined kitchen/dining space, plus a dedicated utility room with included washer and dryer. Kitchen features a dishwasher, disposal, and microwave, ready for move-in. Built in 1979 with a slab foundation and composition roof, the home has durable brick and stucco exterior finishes. Enjoy central electric heat and AC, plus access to a community pool. Low-maintenance HOA covers gas, water, and sewer. Zoned to Houston ISD - Longfellow Elementary, Pershing Middle, and Bellaire High School. Just off the 610 Loop near Kirby Dr, minutes from the Medical Center. Great opportunity for first-time buyers or investors!

Investor Tools

$99,500

Estimated Property Value

$0Estimated Mortgage Balance

$25,986Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$654 /month

Positive

Cash Flow Estimate:

$218 /month

Interested in this property?

Elmer Garcia

Realm Real Estate Professionals - Katy

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$151/month

$635/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,319

$99,500

2025

$18,905

$80,595

$99,500

Tax History

Year

Tax Paid

Assessed Value

2024

$1,319

$99,500

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Priority I Lending Llc

Conventional

$78,750

First

Dec 14, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$73,514

$25,986

26%

74%

$473/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,670/mo

$1,108/mo

+$562/mo

20.1%

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.

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