B+

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Owner Contacts

$46,248

9550 Deering Drive 308, Houston, TX, 77036

Off Market

1 Beds

1 Bath

704 Sq Ft

Condos / Townhouses

$49.72 / sqft

Built in 1979

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesWasher/Dryer Stacked

Building Information

Year Built1979

Stories1

Land Information

APN1143350030008

SubdivisionVineyard T/H Condo

Land UseResidential

Legal DescriptionUNIT 308 BLDG C .01714 INT COMMON LAND & ELE VINEYARD T/H CONDO

Census Tract433504

Assessed Land Value$8,787

Assessed Improvement Value$37,461

Assessment Year2025

About this property

Investor Special – Sold As-Is! Welcome to this second-floor 1-bedroom, 1-bath condo located in a gated community with easy access to BW8, I-69, and Westpark Tollway for a quick commute to Downtown, the Medical Center, and more! This unit offers 704 sq. ft. of living space with an open-concept layout, where the living room seamlessly connects to the dining and kitchen areas. The kitchen features well-maintained cabinets, and the unit includes an in-unit laundry closet for added convenience. While the home may need some updates, it has great potential to be a solid rental property. Assigned covered parking and a separate storage unit add to the appeal. Enjoy nearby Club Creek Park and Westwood Golf Club, perfect for outdoor activities and recreation. Don’t miss this investment opportunity!

Investor Tools

$46,248

Estimated Property Value

$0Estimated Mortgage Balance

$46,248Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$300 /month

Positive

Cash Flow Estimate:

$100 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$66/month

$215/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$566

$46,248

2025

$8,787

$37,461

$46,248

Tax History

Year

Tax Paid

Assessed Value

2024

$566

$46,248

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$46,248

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,095/mo

$215/mo

+$880/mo

28.4%

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.

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