Last 24 Hours
$230,000
NAL Estimated Property Value1618 Palmwood Dr, Pasadena, TX, 77502
Off Market
4 Beds
2 Bath
1,337 Sq Ft
Single Family Residence
$1.48 / sqft
Built in 1955Property Lead Type:
BankruptcyAbsentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Bedrooms 4
Bathrooms Full 2
Garage Available
HeatingAppliancesGas Range
Exterior
Lot Size8,102 sqft
Building Information
Year Built1955
Stories1
Garage Spaces1
Land Information
APN0831420000008
Lot Number8
SubdivisionSouthmore Plaza
Land UseResidential
Legal DescriptionLT 8 BLK 14 SOUTHMORE PLAZA SEC 7
Census Tract321900
Assessed Land Value$80,190
Assessed Improvement Value$122,726
Assessment Year2025
About this property
This fully updated property is ready for you to call it home. Four bedrooms, two baths, central air, granite countertops, ceiling fans, recently installed cabinets, on demand water heater, and much more.
Investor Tools
$230,000
Estimated Property Value
$122,049Estimated Mortgage Balance
$107,951Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,011
$202,916
2025
$80,190
$122,726
$202,916
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,011
$202,916
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stellar Bank
Commercial
$129,600
No
First
Mar 28, 2023
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,049
$80,867
39%
53%
$778/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$778/mo
+$1,448/mo
11.6%
12.4%