B+

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Owner Contacts

$1,919,000

315 Royale Heights Ln, Houston, TX, 77024

Off Market

2 Beds

4 Bath

3,817 Sq Ft

Single Family Residence

$398.22 / sqft

Built in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer

FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen

Lot Size4,151 sqft

Building Information

Year Built2016

Garage Spaces2

Land Information

APN1359420030039

Lot Number39

Land UseResidential

Legal DescriptionLT 39 BLK 1 MEMORIAL GREEN SEC 2 R/P & EXTN

Census Tract430900

Assessed Land Value$661,125

Assessed Improvement Value$1,092,075

Assessment Year2025

About this property

Gorgeous 3-story custom patio home by Pelican Builders, Inc. Located in Memorial Green, a gated community of beautifully designed, luxury urban homes located in the heart of Memorial! Beautiful exterior elevation, high ceilings, hardwoods throughout, custom finishes, 2/3 bedrooms and 3.5 baths. Second-floor living with well-appointed island kitchen featuring Sub-Zero & Wolf appliances, spacious living area with fireplace. Third-floor primary bedroom with oversized walk-in closet & bath. Summer kitchen + central vacuum system. Washer & Dryer included. Numerous upgrades and installed elevator. Ready to move in immediately! SBISD schools (Frostwood, Memorial Middle, Memorial HS).

Investor Tools

$1,919,000

Estimated Property Value

$999,999Estimated Mortgage Balance

$956,499Estimated Equity

48% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$11,514 /month

Positive

Cash Flow Estimate:

$3,838 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,864/month

$4,200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$12,768

$1,753,200

2025

$661,125

$1,092,075

$1,753,200

Tax History

Year

Tax Paid

Assessed Value

2024

$12,768

$1,753,200

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Pnc Bank Na

Credit Line (Revolving) / Heloc

$999,999

First

Apr 3, 2024

Apr 2064

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$962,501

$997,499

50%

$5,996/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,520/mo

$10,196/mo

$-7,676/mo

1.6%

Learn About the Market: Opportunity in Houston

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