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$216,000

NAL Estimated Property Value

12633 Memorial Dr Apt 176, Houston, TX, 77024

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,324 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.27 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBalcony, Playground

Building Information

Year Built1969
Stories1

Land Information

APN1118290170002
SubdivisionThe Pines Condo
Land UseResidential
Legal DescriptionUNIT 176 BLDG S .004415 INT COMMON LAND & ELE THE PINES CONDO
Census Tract430900
Assessed Land Value$35,920
Assessed Improvement Value$153,134
Assessment Year2025

About this property

ALL BILLS PAID(electric, water and cable)!!! Amazing end unit condo is surrounded by windows and FULL of natural light! Updates include recent AC, brand new paint throughout, recent granite in the kitchen, and recent carpet in both bedrooms. There are TWO separate living areas and TWO balconies. The main living room is very large and the primary bedroom is truly enormous. There is washer/dryer located conveniently inside the condo. This quiet community with a manned entry is nestled right in the middle of Memorial and zoned to the famous Frostwood Elementary. Less than 1 mile from City Centre and 1.5 miles from Memorial City Mall. The onsite property manager is a huge convenience. Don't miss the community pool and clubhouse.

Investor Tools

Property Icon
$216,000
Estimated Property Value
$127,124Estimated Mortgage Balance
$88,876Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,296 /month
Positive
Cash Flow Estimate:
$432 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$271/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,176
$189,054
2025
$35,920
$153,134
$189,054
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,176
$189,054

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$130,000
No
First
Feb 26, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,124
$86,876
40%
59%
$780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$780/mo
+$1,130/mo
10.6%

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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12633 Memorial Dr Apt 176 | Property Details | No Agent List