Last 24 Hours
$498,000
NAL Estimated Property Value3504 and 3506 Delhi Street, Houston, TX, 77022
Off Market
4 Beds
4 Bath
2,226 Sq FtHighlights
Interior
Bedrooms 4
Bathrooms Full 4
Heating Central
CoolingExterior
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
$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
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%
12.4%