B+

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Owner Contacts

$1,475,071

1506 Althea Dr, Houston, TX, 77018

$1,576,087 ARV

Off Market

4 Beds

5 Bath

4,451 Sq Ft

Single Family Residence

$336.78 / sqft

Built in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 5

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Double Oven, Gas Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher, Refrigerator

FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen

Lot Size7,192 sqft

Building Information

Year Built2018

Stories1

Garage Spaces2

Land Information

APN0731000060042

Lot Number42

SubdivisionOak Forest

Land UseResidential

Legal DescriptionLT 42 BLK 24 OAK FOREST SEC 2

Census Tract531100

Assessed Land Value$438,712

Assessed Improvement Value$1,036,359

Assessment Year2025

About this property

This stunning 4BR/4.5BA home has been meticulously maintained & offers a wonderful floorplan, high ceilings, amazing natural light, & great storage. A formal entry opens to the study & formal dining & leads to the expansive living area overlooking the backyard w/ covered patio & outdoor kitchen. The gourmet kitchen features a large island w/ breakfast bar & prep sink, SS appliances, breakfast area, butler’s pantry, & walk-in pantry. A sun filled primary suite is privately situated upstairs. The spa like primary bath offers a Jacuzzi tub, walk-in shower, large vanity w/ dual sinks, private water closet, & large walk-in closet w/ custom built-ins & island. The 3 guest bedrooms offer ensuite baths & walk-in closets. A bonus room can be accessed from the large game room & provides endless options for a media room, craft room, workout room, or more. Zoned to Oak Forest Elementary, this home is close to many of the best restaurants, entertainment, & shopping venues Houston has to offer.

Investor Tools

$1,475,071

Estimated Property Value

$806,000Estimated Mortgage Balance

$669,071Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$1,576,087

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,994 /month

Positive

Cash Flow Estimate:

$2,998 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,419/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$21,656

$1,475,071

2025

$438,712

$1,036,359

$1,475,071

Tax History

Year

Tax Paid

Assessed Value

2020

$21,656

$1,475,071

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$806,000

First

Jul 11, 2025

Aug 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$806,000

$669,071

45%

55%

$41,980/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$41,980/mo

$-39,754/mo

1.8%

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