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$2,781,000

207 Morningside Park St, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths6,097 Sq Ft
Year BuiltBuilt in 2023

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

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

Property Icon
$2,781,000
Estimated Property Value
$1,274,000Estimated 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

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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%

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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207 Morningside Park St | Property Details | No Agent List