B+

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Owner Contacts

$570,000

NAL Estimated Property Value

1918 Manila Lane, Houston, TX, 77043

Off Market

4 Beds

2 Bath

1,941 Sq Ft

Single Family Residence

$159.71 / sqft

Built in 1961

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Gas Cooktop, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size8,228 sqft

Building Information

Year Built1961

Stories1

Garage Spaces2

Land Information

APN0923180000004

Lot Number4

SubdivisionTimber Oaks

Land UseResidential

Legal DescriptionLT 4 BLK 2 TIMBER OAKS SEC 1

Census Tract522402

Assessed Land Value$224,213

Assessed Improvement Value$345,787

Assessment Year2025

About this property

Welcome to Timber Oaks in Spring Branch! This home is positioned on a quaint, quiet tree-lined cul-de-sac, and offers 4 bedrooms/2 baths and is walking distance to schools. Classic Floor plan w/ Large rooms throughout, formal & informal living spaces with a gas burning fireplace (currently capped), Formal Dining and Spacious backyard. Other features include EXCELLENT Location near Memorial City Mall and moments away from the Energy Corridor, *Per Seller home was re-piped with PEX in 2019, a new roof was put on in 2019, there is a water filtration system and a new gas line was put in 2019. This is a great family home in a great family neighborhood.

Investor Tools

$570,000

Estimated Property Value

$398,790Estimated Mortgage Balance

$171,210Estimated Equity

30% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,420 /month

Positive

Cash Flow Estimate:

$1,140 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$618/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,560

$570,000

2025

$224,213

$345,787

$570,000

Tax History

Year

Tax Paid

Assessed Value

2024

$4,560

$570,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$434,250

First

Jan 11, 2022

Feb 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$398,790

$171,210

30%

70%

$2,604/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,280/mo

$2,604/mo

$-324/mo

4.8%

Learn About the Market: Opportunity in Houston

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