B+

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Owner Contacts

$433,264

NAL Estimated Property Value

15581 Memorial Drive, Houston, TX, 77079

Off Market

4 Beds

4 Bath

3,238 Sq Ft

Condos / Townhouses

$132.09 / sqft

Built in 1976

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven

FlooringLaminate, Slate

Building Information

Year Built1976

Stories2

Garage Spaces2

Land Information

APN1072860000003

SubdivisionBroken Bayou U/R

Land UseResidential

Legal DescriptionUNIT 3 BROKEN BAYOU U/R

Census Tract450500

Assessed Land Value$82,500

Assessed Improvement Value$350,764

Assessment Year2025

About this property

Spacious townhome on a corner lot overlooking a peaceful ravine has been REMODELED WITH MODERN FINISHES so you can move in with peace of mind. Live in the heart of the Energy Corridor in this quiet gated community off Memorial called Broken Bayou, and enjoy the benefits of home ownership with a low maintenance lifestyle. Stroll down to the community pool that you don't have to maintain, or walk out the gate to nearby Terry Hershey Park or the Original Lupe Tortilla. This two-story living space offers over 3200 square feet of living space with an OPEN FLOORPLAN and soaring two-story ceilings. The interior has been remodeled with a European flair that includes sleek modern white cabinetry, professional gas range, and stone-look tile floors throughout the downstairs. You will love the optional bedroom down that can be a 2nd primary bedroom or home office with full size bathroom. 3 bdrms and 2 baths upstairs and a 2-car attached garage. Multiple patios offer low-maintenance outdoor space.

Investor Tools

$433,264

Estimated Property Value

$228,810Estimated Mortgage Balance

$204,454Estimated Equity

47% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,600 /month

Positive

Cash Flow Estimate:

$867 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$895/month

$3,700/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,577

$433,264

2025

$82,500

$350,764

$433,264

Tax History

Year

Tax Paid

Assessed Value

2024

$8,577

$433,264

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$252,000

First

Jul 19, 2021

Aug 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$228,810

$204,454

47%

53%

$1,511/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,110/mo

$5,211/mo

$-3,101/mo

5.8%

Learn About the Market: Opportunity in Houston

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