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Owner Contacts

$266,739

NAL Estimated Property Value

2006 Waterelm Dr, Houston, TX, 77084

Off Market

3 Beds

2 Bath

1,799 Sq Ft

Single Family Residence

$108.39 / sqft

Built in 1977

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Lot Size7,349 sqft

Building Information

Year Built1977

Stories1

Garage Spaces2

Land Information

APN1113690000067

Lot Number67

SubdivisionMayde Creek Farms

Land UseResidential

Legal DescriptionLT 67 BLK 1 MAYDE CREEK FARMS SEC 1

Census Tract541703

Assessed Land Value$62,475

Assessed Improvement Value$204,264

Assessment Year2025

About this property

Located in Mayde Creek Farms, this 3BR/2BA single-story home offers 1,799 sq ft on a 7,350 sq ft lot. The functional layout features all bedrooms on the first floor, including a primary suite with double sinks and a separate shower. Existing upgrades include granite countertops, recessed lighting, crown molding, and updated bathrooms. The kitchen is open to the family room and includes a breakfast bar, island, and pantry. Additional spaces include a formal living area, breakfast room, and in-house utility room. Zoned to Katy ISD and conveniently located near I-10, Bear Creek Pioneers Park, Memorial City Mall, Katy Mills, and Memorial Hermann West. Home is sold as-is.

Investor Tools

$266,739

Estimated Property Value

$184,010Estimated Mortgage Balance

$82,729Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,600 /month

Positive

Cash Flow Estimate:

$533 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$522/month

$565/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,934

$266,739

2025

$62,475

$204,264

$266,739

Tax History

Year

Tax Paid

Assessed Value

2024

$4,934

$266,739

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Tvc Funding Iii Llc

Purchase Money Mortgage

$200,000

First

Feb 23, 2022

Mar 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$184,010

$82,729

31%

69%

$1,200/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,040/mo

$1,765/mo

+$275/mo

9.2%

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