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Owner Contacts

$252,000

NAL Estimated Property Value

12022 Palmfree St, Houston, TX, 77034

Off Market

4 Beds

2 Bath

1,837 Sq Ft

Single Family Residence

$90.91 / sqft

Built in 1954

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Microwave, Gas Range, Dishwasher

FlooringTile, Vinyl

Exterior

Lot Size7,802 sqft

Building Information

Year Built1954

Stories1

Garage Spaces2

Land Information

APN0825810000006

Lot Number6

SubdivisionGulf Palms

Land UseResidential

Legal DescriptionLT 6 BLK 2 GULF PALMS SEC 1

Census Tract321102

Assessed Land Value$45,180

Assessed Improvement Value$136,900

Assessment Year2025

About this property

4 full bedrooms, 2 full baths! No Flooding. The warmth and charm of the 1950's, with all of the amenities, features and details of modern living. It’s game night and your friends and family are over. Everyone loves the location, the fine details and space of your new home. As the kids play in the backyard, you step inside and sit in your kitchen to savor a glass of red wine. Your favorite song is on and the aroma of home cooked food fills the air as you slowly look around and see the paradise that your home creates. Your friends congratulate you and point out all of the upgrades throughout. They are intrigued to find how you did it and ask for the name of your Realtor. You feel proud, you found it, you knew it was out there, you’ve worked hard for this moment, you deserve it. Welcome home.

Investor Tools

$252,000

Estimated Property Value

$153,640Estimated Mortgage Balance

$98,360Estimated Equity

34% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,512 /month

Positive

Cash Flow Estimate:

$504 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$313/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,499

$182,080

2025

$45,180

$136,900

$182,080

Tax History

Year

Tax Paid

Assessed Value

2024

$2,499

$182,080

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nations Reliable Lending Llc

Fha

$169,866

Yes

First

May 3, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$153,640

$81,360

34%

61%

$1,019/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,019/mo

+$1,207/mo

10.6%

Learn About the Market: Opportunity in Houston

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