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$272,000

718 Ramada Dr, Houston, TX, 77062

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,535 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.2 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringVinyl Plank

Exterior

Lot Size7,501 sqft

Building Information

Year Built1972
Stories1
Garage Spaces1

Land Information

APN1031340000005
Lot Number5
SubdivisionCamino South
Land UseResidential
Legal DescriptionLT 5 BLK 44 CAMINO SOUTH SEC 4
Census Tract340701
Assessed Land Value$45,938
Assessed Improvement Value$195,597
Assessment Year2025

About this property

Welcome to 718 Ramada, the ideal haven for first-time homebuyers. This charming single-family residence offers 1,535 square feet of thoughtfully designed living space. The expansive open floor plan seamlessly connects the family room, dining area, kitchen, and extra space for your personal touch. The kitchen shines with recent updates, including new countertops, deep stainless sink, and modern stainless appliances. This home is allergy resistant with new Vinyl Plank Flooring throughout. The primary bedroom features a private study or nursery, perfect for whatever your needs may be. Recent enhancements include new interior doors, ceiling fans, and new sliding patio door. A new roof in 2026, HVAC in 2020, and FULL HOUSE Foundation work with a Lifetime Warranty 2026. This home promises peace of mind. Conveniently located within walking distance to all essential shopping and local favorite neighborhood bar; Molly's. This gem is ready for you to move in.

Investor Tools

$36,964Estimated Mortgage Balance
$228,036Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

Interested in this property?

Teresa Warren

Keller Williams Realty Clear Lake / NASA

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,777
$241,535
2025
$45,938
$195,597
$241,535
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,777
$241,535

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Access National Mortgage
Fha
$83,564
Yes
First
Feb 22, 2006
Mar 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$36,964
$228,036
86%
14%
$502/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,970/mo
$562/mo
+$1,408/mo
8.9%

City: Houston

718 Ramada Dr | Property Details | No Agent List