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Owner Contacts

$2,115,000

NAL Estimated Property Value

11925 Memorial Dr, Houston, TX, 77024

Off Market

3 Beds

4 Bath

3,602 Sq Ft

Single Family Residence

$351.75 / sqft

Built in 1968

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher

FlooringTile, Wood

Exterior

Private Pool

Lot Size17,250 sqft

Building Information

Year Built1968

Garage Spaces1

Land Information

APN0780250020005

Lot Number5

SubdivisionLakeview

Land UseResidential

Legal DescriptionLT 5 BLK 2 LAKEVIEW

Census Tract430900

Assessed Land Value$861,000

Assessed Improvement Value$319,000

Assessment Year2025

About this property

Impeccably renovated home in prestigious Memorial Villages, boasting French Oak HARDWOOD FLOORS, OPEN-CONCEPT layout, and modernized features throughout located on over 17,000 sf lot. This captivating residence offers a seamless blend of style and comfort, featuring a PORCELAIN TILE fireplace, QUARTZ countertops in the kitchen, and a beautifully renovated primary bathroom shower. Enjoy the tranquility of the oversized lot with a sparkling POOL and stone waterfall, perfect for entertaining or relaxing. With 3,602 SF of living space, including a spacious master suite on the first floor and a versatile den/game room on the second level, this home offers endless possibilities. Interior filled with natural light through DOUBLE PANE WINDOWS. Nestled in the sought-after Lakeview/Memorial area, and zoned to exemplary schools, this property epitomizes prestige and value. Experience the epitome of luxury living in this exquisite home with unparalleled charm and sophistication.

Investor Tools

$2,115,000

Estimated Property Value

$820,775Estimated Mortgage Balance

$1,294,225Estimated Equity

55% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$12,690 /month

Positive

Cash Flow Estimate:

$4,230 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,805/month

$786/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,082

$1,180,000

2025

$861,000

$319,000

$1,180,000

Tax History

Year

Tax Paid

Assessed Value

2024

$11,082

$1,180,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nexa Mortgage Llc

Conventional

$850,000

First

Jun 28, 2024

Jul 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$820,775

$1,030,225

55%

39%

$5,097/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,520/mo

$5,883/mo

$-3,363/mo

1.4%

Learn About the Market: Opportunity in Houston

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