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$444,000

NAL Estimated Property Value

13601 Luthe Road, Houston, TX, 77039

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,128 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$354.61 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesGas Range, Dishwasher, Oven

Exterior

Lot Size1.99 acres

Building Information

Year Built1960
Stories1
Garage Spaces8

Land Information

APN0041750000283
SubdivisionAldine Gardens
Land UseResidential
Legal DescriptionTR5 143B ALDINE GARDENS SEC 2
Census Tract222800
Assessed Land Value$303,394
Assessed Improvement Value$65,013
Assessment Year2025

About this property

This home is a wonderful investment opportunity and in a very prime location, right off the Hardy Toll Road. Unrestricted 1.99 acres mostly cleared land. The home need work but all the rooms are very spacious. Real wood floors in the large living room. There is a large car port and work shed attached to the house. The owner once had horses so there is an old barn on the property. the yard is fenced and has a separate fenced in back yard. Septic and Well on the property.

Investor Tools

Property Icon
$444,000
Estimated Property Value
$353,465Estimated Mortgage Balance
$90,535Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,664 /month
Positive
Cash Flow Estimate:
$888 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$421/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,826
$368,407
2025
$303,394
$65,013
$368,407
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,826
$368,407

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$379,999
No
First
Aug 10, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$353,465
$90,535
20%
80%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,279/mo
$-972/mo
3.5%

City: Houston

13601 Luthe Road | Property Details | No Agent List