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$219,900

13406 Melcher Dr, Houston, TX, 77045

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,120 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.34 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range
FlooringVinyl

Exterior

Lot Size8,851 sqft

Building Information

Year Built1961
Stories1
Garage Spaces2

Land Information

APN0861180000009
Lot Number9
SubdivisionPamela Heights
Land UseResidential
Legal DescriptionLT 9 BLK 1 PAMELA HEIGHTS SEC 1
Census Tract334102
Assessed Land Value$63,320
Assessed Improvement Value$104,609
Assessment Year2025

About this property

This beautifully renovated 3-bed, 1.5-bath home has been transformed from top to bottom with over $100K in upgrades. Featuring a new roof, foundation repair (16 concrete piers), full rewire, new HVAC, PEX plumbing, main line replacement, and a new water heater — the big-ticket items are already done. Inside, enjoy an open-concept living/dining combo, remodeled kitchen with sleek countertops and modern finishes, new LVP flooring, fresh paint, new fixtures, and new toilets throughout. New windows and sliding doors flood the space with natural light. Outside, find refreshed front landscaping, a painted concrete patio, and a new picket fence for privacy. Built-ins, a large entertaining patio, and a fully fenced yard with wrought-iron gate complete the package. Minutes from the Medical Center with shopping and dining nearby. Move-in ready!

Investor Tools

$174,821Estimated Mortgage Balance
$45,179Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,825
$167,929
2025
$63,320
$104,609
$167,929
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,825
$167,929

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trident Realty Investments Llc
Commercial
$178,500
No
First
Apr 16, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,821
$45,179
20%
79%
$1,071/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,071/mo
+$651/mo
9.4%

City: Houston

13406 Melcher Dr | Property Details | No Agent List