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$359,000

NAL Estimated Property Value

18019 Pelican Way Rd, Houston, TX, 77084

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,539 Sq Ft
price_per_sqft$137.85 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size7,200 sqft

Building Information

Year Built1999
Garage Spaces1

Land Information

APN1177380010028
Lot Number28
SubdivisionLake Harbor
Land UseResidential
Legal DescriptionLT 28 BLK 1 LAKE HARBOR
Census Tract541802
Assessed Land Value$57,960
Assessed Improvement Value$289,559
Assessment Year2025

About this property

Welcome home to this 4 bed 2 bath, beautiful property! Charm and character throughout and lovingly maintained. Upon entering notice the two-story entry, living room and formal dining with bay window. Enjoy bamboo flooring throughout home. Large eat in kitchen features island, tons of cabinets, recently updated backsplash and faucet, gas range, stainless steel appliances and breakfast dining that flows into family room. Family room offers cozy gas fireplace overlooking huge backyard. Upstairs you will find all bedrooms and gameroom/flex space. Enjoy the huge primary suite with spa-like en suite, double sinks, garden tub, separate shower, new water fixtures, new tile work and spacious walk-in closet. Great location, close to all your needs, minutes away from coffee shop, restaurants, stores and 3 minutes away from I-10!

Investor Tools

Property Icon
$359,000
Estimated Property Value
$195,576Estimated Mortgage Balance
$163,424Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$750/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,201
$347,519
2025
$57,960
$289,559
$347,519
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,201
$347,519

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$200,000
No
First
Feb 7, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,576
$158,424
44%
54%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,640/mo
$1,550/mo
+$1,090/mo
8.8%

City: Houston