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Owner Contacts

$269,000

NAL Estimated Property Value

1843 Michele Dr, Sugar Land, TX, 77498

Off Market

3 Beds

2 Bath

1,483 Sq Ft

Single Family Residence

$178.62 / sqft

Built in 1977

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringLaminate, Tile

Exterior

Lot Size7,516 sqft

Building Information

Year Built1977

Stories1

Roof Type105

Garage Spaces2

Land Information

APN2640-00-004-0160-907

Lot Number16

SubdivisionCovington West

Land UseResidential

Legal DescriptionCOVINGTON WEST, BLOCK 4, LOT 16

Census Tract672305

Assessed Land Value$30,875

Assessed Improvement Value$196,979

Assessment Year2025

About this property

BEAUTIFULLY REMODELED & RIVALS NEW CONSTRUCTION*BOASTING ALL OF THE MODERN COLORS & FINISHES INCL:BRAND NEW SHAKER CABINETRY(KIT & BATHS)*NEW STAINLESS STEEL 5 BURNER GAS RANGE*SS MICROWAVE*SS DISHWASHER*SS SINK*NEW FLOORING THROUGHOUT*SOLID QUARTZ COUNTERTOPS*NEW SINKS*NEW TUBS*NEW LIGHT FIXTURES*NEW PLUMBING FIXTURES*NEW BACKSPLASH*NEW ELECT OUTLETS*NEW SWITCHES*NEW HARDWARE*EXTERIOR LIGHT FIXTURES*COMPLETELY REMODELED BATHRMS*NEW REMOTE CONTROLLED FANS*NEW AIR REGISTERS*NEW RECESSED LIGHTING*NEW FIREPLACE MANTLE*NEW TILE IN KIT, BATHS, & ENTRY*NEW BASEBOARDS*STYLISH BARN DOOR*DESIGNER PAINT INT/EXT*NEW DRYWALL IN GARAGE*NEW DIGITAL THERMOSTAT*THIS IS NOT YOUR TYPICAL REMODEL WHERE ONLY THE VISUAL FINISHES ARE UPDATED-ALL OF THE **MAJOR EXPENSE ITEMS** HAVE BEEN REPLACED=NEW INSULATION*ALL NEW PEX PLUMBING THROUGHOUT*ELECTRICAL UPDATED W/GFCI'S*BRAND NEW WATER HEATER*NEW DISPOSAL*FOUNDATION LEVELED W/TRANSFERABLE WARRANTY*& THE HVAC SYSTEM IS 2015. HURRY-THIS HOME WILL NOT LAST!

Investor Tools

$269,000

Estimated Property Value

$0Estimated Mortgage Balance

$269,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,614 /month

Positive

Cash Flow Estimate:

$538 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$194/month

$36/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$982

$227,854

2025

$30,875

$196,979

$227,854

Tax History

Year

Tax Paid

Assessed Value

2025

$982

$227,854

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$271,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,440/mo

$36/mo

+$2,404/mo

10.9%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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