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$498,000

NAL Estimated Property Value

3504 and 3506 Delhi Street, Houston, TX, 77022

Off MarketInfo
Baths0 Bath
Baths2,226 Sq Ft

Highlights

Interior

Bathrooms Full 4Bathrooms Full 4
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,001 sqft

Building Information

Year Built2024

Land Information

APN0222290060025
Lot Number22
Land UseResidential
Legal DescriptionLT 22 BLK 6 LINCOLN HEIGHTS
Census Tract530300
Assessed Land Value$84,000
Assessed Improvement Value$402,985
Assessment Year2025

About this property

Great builder investment opportunity in Independence Heights. These are two 3,000 square foot (per HCAD) cleared lots for a total of 6,000 square feet. Lots can be sold separately and are unrestricted (per seller). Located on a dead end street. New construction all around. Close to the Heights, Garden Oaks, parks, freeways and downtown.

Investor Tools

Property Icon
$498,000
Estimated Property Value
$241,052Estimated Mortgage Balance
$256,948Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,988 /month
Positive
Cash Flow Estimate:
$996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$486,985
2025
$84,000
$402,985
$486,985
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$486,985

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$245,000
No
First
Jun 30, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,052
$256,948
51%
48%
$1,469/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,469/mo
+$757/mo
5.4%

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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3504 and 3506 Delhi Street | Property Details | No Agent List