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$359,000

NAL Estimated Property Value

12640 Rip Van Winkle Dr # 80, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,886 Sq Ft
price_per_sqft$185.05 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer, Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesStorage, Courtyard

Building Information

Year Built1967
Stories2
Garage Spaces2

Land Information

APN0993690000080
SubdivisionMemorial Drive
Land UseResidential
Legal DescriptionUNIT 80 BLDG L .005154 INT COMMON LAND & ELE MEMORIAL DRIVE T/H
Census Tract430800
Assessed Land Value$64,297
Assessed Improvement Value$274,107
Assessment Year2025

About this property

Welcome to your charming retreat in the heart of Memorial! This lovingly updated home boasts 3 spacious bedrooms and 2.5 baths, along with a 2-car garage and an adorable patio area perfect for outdoor enjoyment. Located on a darling courtyard at the back of a friendly neighborhood, you'll enjoy community perks such as a sparkling pool and a delightful playground. Ideally situated with easy access to shopping, dining, and major freeways, this home is strategically positioned for a lifestyle of ease. Priced attractively, it presents an excellent value proposition, making it an enticing option for those seeking both quality living with comfort, style, and community, along with excellent SBISD educational opportunities.The HOA covers water, sewer, and more, adding even greater value to this exceptional home. All per Seller

Investor Tools

Property Icon
$359,000
Estimated Property Value
$317,809Estimated Mortgage Balance
$41,191Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$152/month
$525/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24
$338,404
2025
$64,297
$274,107
$338,404
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24
$338,404

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loanpeople Llc
Conventional
$324,000
No
First
Apr 15, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$317,809
$34,191
9%
89%
$1,943/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$2,468/mo
+$52/mo
8.4%

City: Houston

12640 Rip Van Winkle Dr # 80 | Property Details | No Agent List