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Owner Contacts

$592,000

NAL Estimated Property Value

1062 Gardenia Dr, Houston, TX, 77018

Off Market

3 Beds

2 Bath

1,228 Sq Ft

$468.24 / sqft

Built in 1947

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesGas Oven, Gas Range, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size7,802 sqft

Building Information

Year Built1947

Stories1

Garage Spaces2

Land Information

APN0660460530016

Lot Number16

SubdivisionGarden Oaks

Land UseResidential

Legal DescriptionLT 16 BLK 53 GARDEN OAKS SEC 5

Census Tract531000

Assessed Land Value$459,000

Assessed Improvement Value$89,896

Assessment Year2025

About this property

Adorable cottage on a beautiful tree lined street in Garden Oaks! The front porch welcomes you into this charming 3 bedroom 2 bath home. The living room has hardwood floors and is filled with natural light through the ceiling to floor windows. Kitchen has stainless appliances, gas range, great counter space, a breakfast bar, and dining area with bench seating. Primary suite has an en-suite bath with double sinks and tub-shower combo. The hall bath is shared by the secondary bedrooms and has a walk-in shower and metal pedestal sink. A wonderful opportunity to live in a one-story traditional home on a desirable block with recent construction.

Investor Tools

$592,000

Estimated Property Value

$508,053Estimated Mortgage Balance

$83,947Estimated Equity

15% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,552 /month

Positive

Cash Flow Estimate:

$1,184 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$600/month

$25/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,244

$548,896

2025

$459,000

$89,896

$548,896

Tax History

Year

Tax Paid

Assessed Value

2024

$4,244

$548,896

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$517,500

First

Aug 9, 2024

Sep 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$508,053

$89,947

15%

86%

$3,443/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$3,468/mo

$-2,161/mo

2.6%

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