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Owner Contacts

$978,000

NAL Estimated Property Value

2418 Mandell St, Houston, TX, 77006

Off Market

3 Beds

2 Bath

1,617 Sq Ft

$513.23 / sqft

Built in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringWood

Exterior

Lot Size6,299 sqft

Building Information

Year Built1930

Stories1

Land Information

APN0442720000034

SubdivisionLamar Tract

Land UseResidential

Legal DescriptionTR 34 LAMAR TRACT ABST 696 O SMITH

Census Tract410402

Assessed Land Value$693,000

Assessed Improvement Value$231,948

Assessment Year2025

About this property

Beautifully remodeled Montrose 3-Bedroom 2-Bath Craftsman showplace located on the edge of desirable Cherryhurst Park. Historic charm blended with contemporary living standards. Beautiful custom woodwork, fireplace, hardwood floors, open living, quartz counters and stainless appliances. Updated wiring, plumbing, and elegant finishes throughout. 2 Bedrooms feature French doors that open to the stone patio and enormous beautifully landscaped back yard. Completely fenced property also features a lovely front porch which looks out at 2 massive mature trees and serene neighborhood views. TRULY A MUST SEE! *square footage per appraisal*

Investor Tools

$978,000

Estimated Property Value

$611,968Estimated Mortgage Balance

$366,032Estimated Equity

38% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,868 /month

Positive

Cash Flow Estimate:

$1,956 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,604/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$14,363

$924,948

2025

$693,000

$231,948

$924,948

Tax History

Year

Tax Paid

Assessed Value

2024

$14,363

$924,948

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Regions Bank

Conventional

$663,920

First

Mar 14, 2022

Jan 2048

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$611,968

$379,032

38%

63%

$3,981/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$3,981/mo

$-1,401/mo

3.2%

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