Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$1,786,000

NAL Estimated Property Value

1118 Merrill St, Houston, TX, 77009

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,772 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$425.47 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,998 sqft

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APN0620590000005
Lot Number5
SubdivisionNorhill
Land UseResidential
Legal DescriptionLT 5 BLK 8 NORHILL
Census Tract510302
Assessed Land Value$630,000
Assessed Improvement Value$900,173
Assessment Year2025

About this property

A 6,000 square foot lot in Woodland Heights! Not located in a historic district or flood plain, this lot is ready and waiting for a buyer to design and build their dream home. Zoned to the highly rated and sought-after Travis Elementary and with plenty of new construction nearby, you'll be just steps away from some of the best the Heights has to offer.

Investor Tools

Property Icon
$1,786,000
Estimated Property Value
$269,422Estimated Mortgage Balance
$1,516,578Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,716 /month
Positive
Cash Flow Estimate:
$3,572 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,958/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,563
$1,530,173
2025
$630,000
$900,173
$1,530,173
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,563
$1,530,173

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Low Va Rates Llc
Conventional
$283,175
No
First
Sep 13, 2023
Oct 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,422
$1,540,578
85%
15%
$1,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,698/mo
+$528/mo
1.5%

Learn About the Market: Opportunity in Houston

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1118 Merrill St | Property Details | No Agent List