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$140,000

3938 Faulkner St, Houston, TX, 77021

$155,714 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,551 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$90.26 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,719 sqft

Building Information

Year Built1950
Stories1
Garage Spaces3

Land Information

APN0700810030010
Lot Number10
SubdivisionSouthern Terrace R/P
Land UseResidential
Legal DescriptionLT 10 BLK 3 SOUTHERN TERRACE R/P
Census Tract313600
Assessed Land Value$108,710
Assessed Improvement Value$43,853
Assessment Year2025

About this property

Investor Special! Excellent opportunity to renovate, rebuild, or add value in an established Houston neighborhood. Situated on a 5,721 SF lot, this one-story, 1,551 SF home features 3 bedrooms and 2 bathrooms with a large backyard offering plenty of space for future improvements or outdoor amenities. Ideal for investors, builders, or buyers seeking their next value-add project. Property is being sold AS-IS, WHERE-IS, with no repairs to be made by the seller. No interior access available. Priced for a quick sale and presents outstanding potential for renovation, redevelopment, or long-term investment.

Investor Tools

$0Estimated Mortgage Balance
$186,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$155,713
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,116 /month
Positive
Cash Flow Estimate:
$372 /month

Interested in this property?

Sepi Akhavi

Keller Williams Memorial

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,904
$152,563
2025
$108,710
$43,853
$152,563
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,904
$152,563

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$186,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
N/A
+$1,820/mo
11.7%

City: Houston

3938 Faulkner St | Property Details | No Agent List