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$246,000

9511 Lexham Dr, Houston, TX, 77083

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,558 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.16 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,213 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2780-01-002-0330-907
Lot Number33
SubdivisionDover Sec 1
Land UseResidential
Legal DescriptionDOVER SEC 1, BLOCK 2, LOT 33
Census Tract672401
Assessed Land Value$35,100
Assessed Improvement Value$203,900
Assessment Year2025

About this property

Property is in fair condition, need some updating and TLC, but it is priced accordingly, FBCAD has it as three bedrooms but it has four, although two of them are small. Recently updated granite counter top in the the kitchen, property in the process of being painted inside. seller will remove current stove and security system. This could be a great deal for anyone that would like to live on Dover subdivision.

Investor Tools

Property Icon
$246,000
Estimated Property Value
$192,449Estimated Mortgage Balance
$71,597Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,068
$239,000
2025
$35,100
$203,900
$239,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,068
$239,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$192,449
Yes
First
Jun 8, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,403
$64,597
27%
71%
$1,154/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,504/mo
+$218/mo
8.4%

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.

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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9511 Lexham Dr | Property Details | No Agent List