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$215,000

12633 Memorial Dr Apt 222, Houston, TX, 77024

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,348 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.14 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dryer, Refrigerator, Washer, Dishwasher

Building Information

Year Built1969
Stories2

Land Information

APN1118290210004
SubdivisionThe Pines Condo
Land UseResidential
Legal DescriptionUNIT 222 BLDG W .004367 INT COMMON LAND & ELE THE PINES CONDO
Census Tract430900
Assessed Land Value$32,090
Assessed Improvement Value$136,803
Assessment Year2025

About this property

Quiet Cul-De-Sac Condo! Water & Electricity paid by the landlord. Two bedroom / two bath loft condominium in the heart of the desirable Memorial area. Condo has wooden flooring in the living area, and the master bed. Two story high ceiling and windows in the living areas overlooking outside and kitchen with a refrigerator and stacked washer and dryer included. Minutes from City Centre, Memorial City, Shopping Area and Restaurants, Exemplary Spring Branch ISD (Frostwood, Memorial Middle, and Memorial High). Water, sewer, and electricity included as part of the rent. One-car assigned carport. Completely Updated Kitchen with new appliances. *A/C and windows will be cleaned before move-in*

Investor Tools

Property Icon
$215,000
Estimated Property Value
$189,000Estimated Mortgage Balance
$39,830Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,676
$168,893
2025
$32,090
$136,803
$168,893
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,676
$168,893

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$189,000
No
First
Jun 24, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,170
$46,830
21%
81%
$1,134/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$1,134/mo
+$776/mo
10.7%

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 222 | Property Details | No Agent List