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$250,000

1242 Wardmont St, Houston, TX, 77037

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,900 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.58 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Gas Range
FlooringTile

Exterior

Lot Size7,701 sqft

Building Information

Year Built1964
Stories1
Garage Spaces4

Land Information

APN0942320000011
Lot Number11
SubdivisionMelrose Park
Land UseResidential
Legal DescriptionLT 11 BLK 5 MELROSE PARK SEC 2
Census Tract221701
Assessed Land Value$42,263
Assessed Improvement Value$198,397
Assessment Year2025

About this property

Welcome to this well-maintained 4-bedroom, 2-bath home offering approximately 1,900 square feet of comfortable living space in the established Melrose Park community of North Houston. This inviting home features a functional floor plan with generous living areas, making it ideal for families, entertaining, or everyday living. Recent updates provide added value to include a new HVAC only 2 yrs old, air ducts replaced 2025, updated electrical 2018 & a 30-amp generator plug for added convenience during power outages. Conveniently located with easy access to I-45, Beltway 8 & the Hardy Toll Road. Enjoy quick access to Downtown Houston, George Bush Intercontinental Airport (IAH), shopping, dining, schools, and more. Enjoy the freedom of no HOA on this property offering added flexibility for homeowners. Whether you're looking for a primary residence or an investment opportunity, this home offers comfort, convenience and value in one great package! Schedule your private showing today!

Investor Tools

$98,175Estimated Mortgage Balance
$142,632Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Yvette Rodriguez

Keller Williams Houston Central

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,207
$240,660
2025
$42,263
$198,397
$240,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,207
$240,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$99,333
Yes
First
Oct 16, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,175
$142,485
59%
41%
$596/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$596/mo
+$1,126/mo
8.6%

City: Houston