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$199,000

238 Opal Way, Houston, TX, 77336

$258,700 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.56 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size16,278 sqft

Building Information

Year Built1985
Stories2
Garage Spaces2

Land Information

APN0972390000021
Lot Number20-23
SubdivisionTreasure Island U/R
Land UseResidential
Legal DescriptionLTS 20 21 22 & 23 TREASURE ISLAND U/R
Census Tract251600
Assessed Land Value$122,100
Assessed Improvement Value$116,404
Assessment Year2025

About this property

Situated directly on the water in the Treasure Island subdivision, this approximately 0.3738-acre property combines a waterfront setting with beautifully wooded surroundings. Encompassing Lots 20, 21, 22, and 23, the property includes a residence with approximately 1,560 square feet, four bedrooms, and two bathrooms. The waterfront location and surrounding trees create a peaceful natural setting with a quiet, secluded feel. A nearby beach area, boat dock, and boat launch further complement the property’s proximity to the water. Located in the Huffman area, the property offers a tranquil wooded environment within reach of shopping, dining, and everyday conveniences. Its combination of water frontage, mature trees, and nearby waterfront amenities gives the setting a relaxed, retreat-like character.

Investor Tools

$67,114Estimated Mortgage Balance
$190,886Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$258,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,548 /month
Positive
Cash Flow Estimate:
$516 /month

Interested in this property?

Johannes Louw

HomeSmart

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,067
$238,504
2025
$122,100
$116,404
$238,504
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,067
$238,504

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Unknown
$123,750
No
First
Sep 8, 2008
Sep 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,114
$190,886
73%
26%
$742/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$742/mo
+$1,484/mo
10.4%

City: Houston

238 Opal Way | Property Details | No Agent List