Last 24 Hours
$2,350,000
206 Faust Ln, Houston, TX, 77024
On Market
4 Beds
6 Bath
5,020 Sq Ft
$468.13 / sqft
Built in 2021Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 4
Bathrooms Full 4Bathrooms Half 2
Garage Available
Heating Central
CoolingExterior
Lot Size20,926 sqft
Building Information
Year Built2021
Garage Spaces2
Land Information
APN0923670000025
Lot Number25
SubdivisionMemorial Bend
Land UseResidential
Legal DescriptionLT 25 BLK 1 MEMORIAL BEND SEC 4
Census Tract430900
Assessed Land Value$816,788
Assessed Improvement Value$1,467,057
Assessment Year2025
About this property
Half acre lot in Memorial! Top schools. This beautiful spacious floorplan features 22' vaulted ceilings with large windows for natural light, dedicated office, quartz countertops, ss appliances, 6 gas burner grill cooktops, trash compactor, wine room, a primary suite with ceiling cedar beams, fully equipped outdoor kitchen overlooking your huge half acre yard.
Investor Tools
$0Estimated Mortgage Balance
$2,475,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,850 /month
Positive
Cash Flow Estimate:
$4,950 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,988/month
$411/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,486
$2,283,845
2025
$816,788
$1,467,057
$2,283,845
No
Tax History
Year
Tax Paid
Assessed Value
2024
$23,486
$2,283,845
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,475,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$411/mo
+$2,839/mo
1.6%
12.4%