B+

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Owner Contacts

$855,000

NAL Estimated Property Value

1001 Memorial Village Drive 1001, Houston, TX, 77024

Off Market

3 Beds

2 Bath

2,684 Sq Ft

Condos / Townhouses

$230.63 / sqft

Built in 2003

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Gas Cooktop, Gas Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built2003

Stories2

Garage Spaces2

Land Information

APN1103500070009

SubdivisionMemorial Village T/H

Land UseResidential

Legal DescriptionUNIT 1001 BLDG 11 MEMORIAL VILLAGE T/H SEC 2 R/P

Census Tract430700

Assessed Land Value$175,000

Assessed Improvement Value$521,000

Assessment Year2025

About this property

Beautifully updated townhome next to Memorial City Mall. Located on a corner lot in the prestigious gated community of Memorial Village Townhomes. Great access to I-10, top restaurants, shopping and top rated Spring Branch ISD schools. This gorgeous unit features brand new upgraded lamanant flooring, high ceilings, gas fireplace, chefs kitchen, gas cooktop, glass fronted cabinets, breakfast bar, granite counters, stainless steel appliances, attached 2 car garage, new AC units and so much more! Master on the first floor with huge closet space, frameless shower with a separate tub and dual vanities. Upstairs, experience built in work area with shelving, family room and a spacious game room that can be easily converted into a 4th bedroom. Schedule to see this gem today!

Investor Tools

$855,000

Estimated Property Value

$499,574Estimated Mortgage Balance

$355,426Estimated Equity

41% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,130 /month

Positive

Cash Flow Estimate:

$1,710 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$853/month

$450/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,955

$696,000

2025

$175,000

$521,000

$696,000

Tax History

Year

Tax Paid

Assessed Value

2024

$5,955

$696,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Matador Lending Llc

Conventional

$540,000

First

May 26, 2022

Jun 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$499,574

$355,426

41%

58%

$3,238/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,520/mo

$3,688/mo

$-1,168/mo

3.5%

Learn About the Market: Opportunity in Houston

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