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$234,000

11609 Main Cedar Dr, Houston, TX, 77025

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,077 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$171.68 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,403 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN1296510130001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 9 CONTEMPORARY MAIN PLAZA PAR R/P
Census Tract334101
Assessed Land Value$56,024
Assessed Improvement Value$144,976
Assessment Year2025

About this property

House ready for quick close. 2 story,,2 bedroom and 1 1/2 baths. Living area on 1st floor includes engineered wood floors, granite counter top, GE SS appliances and window coverings. 2nd floor has master and one small bedroom with walk in closet. On back corner with assigned parking for 2 cars next to unit. No garage and house comes with all appliances and blinds. $75 per month covers water bill, trash pickup and gate maintenance. Subdivision has plenty of green spaces and guest parking.

Investor Tools

Property Icon
$234,000
Estimated Property Value
$181,649Estimated Mortgage Balance
$69,702Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,404 /month
Positive
Cash Flow Estimate:
$468 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$326/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,742
$201,000
2025
$56,024
$144,976
$201,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,742
$201,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bayfirst National Bank
Fha
$181,649
Yes
First
May 28, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,298
$73,702
30%
70%
$1,090/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$1,165/mo
+$875/mo
10.5%

Learn About the Market: Opportunity in Houston

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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

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11609 Main Cedar Dr | Property Details | No Agent List