$444,000
NAL Estimated Property Value13601 Luthe Road, Houston, TX, 77039
Off Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
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
$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
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%
