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Owner Contacts

$199,000

NAL Estimated Property Value

340 Wilcrest Drive 340, Houston, TX, 77042

Off Market

2 Beds

3 Bath

1,740 Sq Ft

Condos / Townhouses

$97.64 / sqft

Built in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Dishwasher, Washer/Dryer

FlooringCarpet, Tile

Building Information

Year Built1983

Garage Spaces2

Land Information

APN1154790100007

SubdivisionMarlborough Square Condo Ph 2

Land UseResidential

Legal DescriptionUNIT 340 BLDG J .003970 INT COMMON LAND & ELE MARLBOROUGH SQUARE CONDO PH 2

Census Tract451100

Assessed Land Value$36,057

Assessed Improvement Value$153,719

Assessment Year2025

About this property

Welcome to 340 Wilcrest Drive, #340! This spacious 2-bedroom, 2.5-bath condo is ready for your personal touch. Located in the highly sought-after Memorial area/Energy Corridor, just minutes from Town & Country, City Centre, Memorial City, parks, top medical centers, and major highways (I-10 & Beltway 8). Featuring an open floor plan, this home offers generous living spaces, including two large upstairs bedrooms. The oversized two-car garage provides ample storage. Enjoy resort-style living with access to three community pools, beautifully landscaped courtyards, and 24-hour security. Home is being sold as-is. Don’t miss this opportunity—schedule your showing today!

Investor Tools

$199,000

Estimated Property Value

$136,691Estimated Mortgage Balance

$62,309Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,194 /month

Positive

Cash Flow Estimate:

$398 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$85/month

$600/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$25

$189,776

2025

$36,057

$153,719

$189,776

Tax History

Year

Tax Paid

Assessed Value

2024

$25

$189,776

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Houston West Management Llc

Purchase Money Mortgage

$140,000

First

Jan 27, 2025

Jul 2025

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$136,691

$62,309

31%

69%

$840/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,430/mo

$1,440/mo

$-10/mo

8.6%

Learn About the Market: Opportunity in Houston

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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.

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