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$2,250

1946 Norcrest Dr, Houston, TX, 77055

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,394 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.61 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesFreestanding Oven, Gas Oven, Oven, Microwave, Dishwasher
FlooringTile, Wood

Exterior

Lot Size7,501 sqft

Building Information

Year Built1952
Stories1
Garage Spaces1

Land Information

APN0762250010019
Lot Number19
SubdivisionRidgecrest
Land UseResidential
Legal DescriptionLT 19 BLK 1 RIDGECREST SEC 2
Census Tract520604
Assessed Land Value$225,000
Assessed Improvement Value$86,218
Assessment Year2025

About this property

1946 Norcrest Dr. is located in the Ridgecrest neighborhood of Spring Branch. The refinished original hardwood floors add a touch of classic charm to this well-kept, freshly painted property with 3/4 bedrooms & 2 full bathrooms. The extra room is located just off of the living room, perfect for a home office, workout room, or nursery. The open-concept dining & living area is full of natural light & great for modern living & entertaining. The kitchen offers granite countertops, a stainless gas range, and a microwave. Updated primary bathroom with walk-in shower and Carrera marble vanity. A spacious, fenced-in backyard with your private covered patio makes for the perfect retreat. Conveniently located close to downtown, I-10, and the City Centre makes this location ideal for anyone who needs easy access to the heart of the city. Close proximity to coffee shops, wine bars, restaurants, yoga studios, and playgrounds. This neighborhood is consistently being developed with new construction.

Investor Tools

$152,340Estimated Mortgage Balance
$253,660Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,436 /month
Positive
Cash Flow Estimate:
$812 /month

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Christy Naponic

Wanda Taylor Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,271
$311,218
2025
$225,000
$86,218
$311,218
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,271
$311,218

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy Fcu
Conventional
$173,250
No
First
Jun 24, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,340
$253,660
62%
38%
$1,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,039/mo
+$683/mo
5.1%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1946 Norcrest Dr | Property Details | No Agent List