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$252,000

NAL Estimated Property Value

1516 Prairie Grove Dr, Houston, TX, 77077

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,019 Sq Ft
price_per_sqft$113.42 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesBalcony
Lot Size1,734 sqft

Building Information

Year Built1977
Stories2
Garage Spaces2

Land Information

APN1086240010006
Lot Number6
SubdivisionWalkers Mark
Land UseResidential
Legal DescriptionLT 6 TR A RES A BLK 1 WALKERS MARK SEC 1 T/H
Census Tract451100
Assessed Land Value$43,011
Assessed Improvement Value$199,014
Assessment Year2025

About this property

This amazing 3 bedroom 2.5 bath townhouse has everything you will need. The large living room features a wood burning fireplace, open breakfast room, and double doors leading to the patio with a grassy area. Updated kitchen includes new counters, new sink and hardware, new microwave, new dishwasher, new disposal, and stainless steel appliances included! This also includes an electric dryer and new washing machine in the laundry area. All bedrooms are on the second floor. Primary bedroom features a light, bright, and airy study/office off the bedroom, balcony, large walk in closet and large primary bath with a tub, walk in shower, double sinks. The other large bedroom has a bathroom with tub/shower comb and a large closet. The floor is new in the master bedroom and bathrooms upstairs. It has new windows and new doors. There is an oversized attached two car garage.

Investor Tools

Property Icon
$252,000
Estimated Property Value
$219,720Estimated Mortgage Balance
$32,280Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,512 /month
Positive
Cash Flow Estimate:
$504 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$346/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,895
$242,025
2025
$43,011
$199,014
$242,025
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,895
$242,025

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$237,500
No
First
May 13, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,720
$32,280
12%
87%
$1,424/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,774/mo
+$456/mo
10.6%

City: Houston

1516 Prairie Grove Dr | Property Details | No Agent List