1201 Bering Drive #44 Houston, TX 77057
Spacious 2 bed, 2 bath condo with attached 2-car garage.
- Added:
- May 16, 2025
- Days on Market:
- 423
- Last Refresh:
- Jul 5 at 6:27 am
Property Features for 1201 Bering Drive #44
General Information
- Standard status
- Active
- Size
- 1,177 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1978
Listing office CARLOS CHAVEZ, BROKER (713) 724-1915
Listing date May 16, 2025
Source Kw
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CARLOS CHAVEZ, BROKER
Investment Insights
Based on property information with market context.
Key Highlights
- Rare attached, OVERSIZED 2‑car garage with private interior stairs and ample storage.
- Prime location adjacent to Tanglewood, walking distance to restaurants, YMCA, and parks.
- RENOVATED en suite primary bath with walk‑in shower and two spacious walk‑in closets in the primary bedroom.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $21.96 |
| − Vacancy | −$1.6k | −$1.36 |
| EGI | $24.2k | $20.60 |
| − OpEx | −$10.9k | −$9.27 |
| NOI | $13.3k | $11.33 |
