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$470,000

NAL Estimated Property Value

3440 Palm St, Houston, TX, 77004

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,053 Sq Ft
price_per_sqft$194.79 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Lot Size19,541 sqft

Building Information

Year Built1950
Stories1
Garage Spaces1

Land Information

APN0620490060010
Lot Number10,20
SubdivisionSouthwood
Land UseResidential
Legal DescriptionLTS 10 & 20 BLK 6 SOUTHWOOD
Census Tract312902
Assessed Land Value$304,072
Assessed Improvement Value$165,928
Assessment Year2025

About this property

Welcome to 3440 Palm Street! A beautiful 3-bed, 2-bath, single-story home that is conveniently nestled in a very large lot located in the University Area. It features handsome hardwood flooring in bedrooms and living areas, and tile in bathrooms and kitchen. Home also has spacious open layout of the living area, and nice dining room. Kitchen is equipped with ample counterspace and nice wood cabinetry for lots of storage, and enough space for a breakfast corner. The home is in a corner location and is near 2 universities, schools, churches, as well as the Texas Medical Center, Hermann Park, golf course, zoo, Museum area, sports complexes and downtown.

Investor Tools

Property Icon
$470,000
Estimated Property Value
$304,493Estimated Mortgage Balance
$165,507Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$780/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,013
$470,000
2025
$304,072
$165,928
$470,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,013
$470,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$336,000
No
First
Jun 25, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,493
$165,507
35%
65%
$2,015/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,015/mo
$-293/mo
4.4%

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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3440 Palm St | Property Details | No Agent List