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$274,000

8507 Reims Rd, Houston, TX, 77074

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,677 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.95 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Electric Oven, Electric Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Lot Size8,320 sqft

Building Information

Year Built1965
Stories1
Garage Spaces2

Land Information

APN0924040000014
Lot Number14
SubdivisionSharpstown
Land UseResidential
Legal DescriptionLT 14 BLK 7 SHARPSTOWN SEC 3
Census Tract422800
Assessed Land Value$91,920
Assessed Improvement Value$126,481
Assessment Year2025

About this property

Welcome to this inviting ranch-style home in the heart of Sharpstown. Inside, you’ll find a spacious den, a living room with a cozy wood-burning fireplace and an adjoining breakfast room. The open-concept living, dining, and kitchen spaces create an ideal layout for everyday living and entertaining. The private primary suite is thoughtfully tucked away at the back of the home offering a quiet retreat. Step outside to the expansive backyard that is perfect for entertaining, relaxation, or play, and enjoy the added privacy of backing to school practice fields. Updates include a remodeled kitchen (2020), tankless water heater (2020), replaced ductwork (2020), updated windows (2016), roof replacement (2016), garage door (2023), and more. With convenient access to shopping, dining, and major highways, this Sharpstown gem is a must-see. Schedule your private tour today!

Investor Tools

Property Icon
$274,000
Estimated Property Value
$71,600Estimated Mortgage Balance
$245,956Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$116/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24
$218,401
2025
$91,920
$126,481
$218,401
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24
$218,401

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phh Mortgage Services Corp
Unknown
$71,600
No
First
May 18, 2004
Jun 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$28,044
$246,956
89%
10%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$250/mo
+$1,472/mo
7.5%

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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8507 Reims Rd | Property Details | No Agent List