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$259,000

NAL Estimated Property Value

863 Ramada Dr, Houston, TX, 77062

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,620 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.33 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,562 sqft

Building Information

Year Built1969
Stories1
Garage Spaces2

Land Information

APN1031320000022
Lot Number22
SubdivisionCamino South
Land UseResidential
Legal DescriptionLT 22 BLK 42 CAMINO SOUTH SEC 4
Census Tract340701
Assessed Land Value$46,131
Assessed Improvement Value$199,143
Assessment Year2025

About this property

This lovely home has many updates, new carpet in all three bedrooms, new paint inside all the rooms, new Stainless steel appliances in the kitchen, electric stove top, electric oven, microwave, dishwasher and Granite counter tops with Tile back splash. Main Bathroom has been updated with a walk-in shower, new vanity and tile flooring. Open floor plan Dinning room, Living Room and Breakfast area open up into the kitchen area. Recent wood flooring in the Living and Dinning area. Sone flooring in the Kitchen area and tile flooring in both bathrooms. Fully fenced back yard.

Investor Tools

Property Icon
$259,000
Estimated Property Value
$122,069Estimated Mortgage Balance
$136,931Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,258
$245,274
2025
$46,131
$199,143
$245,274
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,258
$245,274

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$138,247
Yes
First
May 27, 2020
Feb 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,069
$132,931
52%
47%
$829/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$829/mo
+$893/mo
8.0%

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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