$2,781,000
NAL Estimated Property Value207 Morningside Park St, Houston, TX, 77024
Off Market
Property Lead Type:
Deal ListAbsentee OwnerHigh Equity
Highlights
Interior
Exterior
Lot Size3,838 sqft
Building Information
Year Built2023
Garage Spaces2
Land Information
APN1359420040003
Lot Number3
Land UseResidential
Legal DescriptionLT 3 BLK 2 MEMORIAL GREEN SEC 2 R/P & EXTN
Census Tract430900
Assessed Land Value$627,800
Assessed Improvement Value$1,366,948
Assessment Year2025
About this property
LOT LISTING, PRICED AT LOT ONLY! Design and build your dream home in Memorial Green Homes! This lot can accommodate a 2-3 story custom home with private courtyard and room for a cocktail pool. Memorial Green is a gated community located in the heart of Memorial, true lock-and-leave. Choose to build with one of our three premiere custom builders: Jeff Paul Custom Homes, McCollum Custom Homes or Davis Group. Zoned to: Frostwood Elementary, Memorial Middle and Memorial High School. BY APPOINTMENT ONLY.
Investor Tools
$2,781,000
Estimated Property Value
$1,240,622Estimated Mortgage Balance
$1,540,378Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,686 /month
Positive
Cash Flow Estimate:
$5,562 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,252/month
$3,680/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,115
$1,994,748
2025
$627,800
$1,366,948
$1,994,748
No
Tax History
Year
Tax Paid
Assessed Value
2024
$13,115
$1,994,748
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Building Or Construction Loan
$1,274,000
No
First
Nov 6, 2023
Dec 2053
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,240,622
$1,486,378
54%
45%
$8,579/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$12,259/mo
$-9,739/mo
1.1%
