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Owner Contacts

$974,000

NAL Estimated Property Value

2047 Westcreek Ln Unit 603, Houston, TX, 77027

Off Market

2 Beds

3 Bath

1,865 Sq Ft

Condos / Townhouses

$642.9 / sqft

Built in 2017

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Electric Oven, Microwave, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringMarble, Tile, Wood

Exterior

Exterior FeaturesStorage, Outdoor Kitchen, Balcony

Building Information

Year Built2017

Land Information

APN1388730040003

Land UseResidential

Legal DescriptionUNIT 603 .0089 INT COMMON LAND & ELE WILSHIRE CONDO 10TH AMEND

Census Tract411302

Assessed Land Value$179,627

Assessed Improvement Value$765,779

Assessment Year2025

About this property

Gorgeous corner unit with floor to ceiling windows bathed in natural light offers stunning downtown & pool view just steps from River Oaks District. High-end designer upgrades throughout means this luxury condo comes equipped with the *best* of everything: hardwood floors, smarthome automation, pro kitchen with quartz counters, kitchen cabinets w/under cabinet lighting, Wolf & SubZero, wine fridge etc. Open floor plan accommodates entertaining & easy modern living; Primary bedroom has walk-in closet with custom built-ins & luxurious bath with soaking tub, walk-in shower, Electric Mirror w/built-in TV. 2nd bedroom perfect for family, guests or in-laws. Remote control window shades throughout. The Wilshire sets the standard for luxury living in Houston: valet/concierge, full gym, lounge, business center, outdoor pool with cabanas & bbq/grill area, pet park with washing station, guest suites, etc. Unit comes with two parking spots (one with EV charging) and a separate storage closet.

Investor Tools

$974,000

Estimated Property Value

$829,172Estimated Mortgage Balance

$144,828Estimated Equity

13% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,194 /month

Positive

Cash Flow Estimate:

$2,398 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,698/month

$1,119/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$15,507

$945,406

2025

$179,627

$765,779

$945,406

Tax History

Year

Tax Paid

Assessed Value

2024

$15,507

$945,406

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Conventional

$908,000

First

Oct 29, 2021

Nov 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$829,172

$127,828

13%

85%

$5,444/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$6,563/mo

$-4,603/mo

2.4%

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