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$116,000

NAL Estimated Property Value

3108 Memel St, Houston, TX, 77026

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths828 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.81 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

BankruptcyAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size6,351 sqft

Building Information

Year Built1929
Stories1

Land Information

APN0680050030056
Lot Number56
SubdivisionBay Street Gardens
Land UseResidential
Legal DescriptionLT 56 BLK 3 BAY STREET GARDENS
Census Tract210900
Assessed Land Value$65,263
Assessed Improvement Value$23,878
Assessment Year2025

About this property

Fully renovated 2-bedroom, 1-bathroom home just minutes from Downtown Houston! This move-in-ready gem features a brand-new HVAC system, new roof, updated plumbing, and a fully remodeled kitchen with modern finishes. The foundation has been redone for long-term peace of mind, and new luxury vinyl plank flooring runs throughout the home. Whether you're a first-time homebuyer or investor, this property offers unbeatable value and location!

Investor Tools

Property Icon
$116,000
Estimated Property Value
$138,470Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$696 /month
Positive
Cash Flow Estimate:
$232 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$213/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,973
$89,141
2025
$65,263
$23,878
$89,141
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,973
$89,141

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$139,481
No
First
Dec 19, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,470
N/A
0%
119%
$837/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$837/mo
+$470/mo
13.5%

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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3108 Memel St | Property Details | No Agent List