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$422,000

NAL Estimated Property Value

12625 Memorial Dr Apt 31, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,389 Sq Ft
price_per_sqft$159.06 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Gas Range, Dishwasher, Washer/Dryer
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesCourtyard
Lot Size1,803 sqft

Building Information

Year Built1978
Stories2
Garage Spaces2

Land Information

APN1065780060031
Lot Number31
SubdivisionSomerset Place 3rd R/P
Land UseResidential
Legal DescriptionLT 31 BLK A SOMERSET PLACE 2ND R/P
Census Tract430900
Assessed Land Value$138,547
Assessed Improvement Value$281,544
Assessment Year2025

About this property

This meticulously maintained property is ready for move in NOW! It is nestled in the courtyard at the Somerset Townhomes. There is a large patio to greet your guest. Inside the home, there is luxury vinyl flooring, canned lights, lots of windows and skylights for natural light. The kitchen has been updated with stainless appliances, gorgeous soft close cabinets & drawers, quartzite counters and white backsplash. The dining has a pass through to the kitchen. There is an atrium for some of your outdoor lounging. There is an updated half bath and an under stair storage. Upstairs you have 3 bedrooms and 2 baths. All rooms have extremely large closets and there is also a large hall closet. The Primary bath has been redone with quartzite counters, double sinks and a large shower with a built in seat. The double primary closet is nice and the primary bedroom is enormous. The other two bedrooms are very spacious. There is an area pool and a Manned gate. This is a must see today!

Investor Tools

Property Icon
$422,000
Estimated Property Value
$256,726Estimated Mortgage Balance
$165,274Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,532 /month
Positive
Cash Flow Estimate:
$844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
$4,980/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,168
$420,091
2025
$138,547
$281,544
$420,091
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,168
$420,091

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$277,500
No
First
May 18, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,726
$163,365
38%
61%
$1,664/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$6,644/mo
$-4,124/mo
7.2%

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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12625 Memorial Dr Apt 31 | Property Details | No Agent List