4Days on Market

1view

$490,000

3515 Shelby Circle A/B, Houston, TX, 77051

On Market

Just Added

3 Beds

3 Bath

3,032 Sq Ft

Duplex

$161.61 / sqft

Built in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 4

Heating Central

Cooling

AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size5,001 sqft

Building Information

Year Built2022

Land Information

APN0511360070009

Lot Number9

SubdivisionSunnyside Place

Land UseResidential

Legal DescriptionLT 9 BLK 7 SUNNYSIDE PLACE

Census Tract331100

Assessed Land Value$80,000

Assessed Improvement Value$381,343

Assessment Year2025

About this property

Two units, multiple possibilities! This modern duplex offers two spacious 3-bedroom, 2.5-bath residences designed with comfort and functionality in mind. Both units feature bright, open living spaces, granite countertops, soft-close cabinetry, stainless steel appliances, vinyl plank flooring, and private fenced backyards. Convenient access to I-610, Hwy 288, Downtown Houston, the Texas Medical Center, and Hobby Airport keeps major employment and entertainment destinations within easy reach. Unit A is currently leased for $1,900 per month, allowing investors to generate income from day one while maintaining flexibility for the second unit.

Investor Tools

$488,878Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,940 /month

Positive

Cash Flow Estimate:

$980 /month

Interested in this property?

Norisha Johnson

Nextgen Real Estate Properties

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$983/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,486

$461,343

2025

$80,000

$381,343

$461,343

Tax History

Year

Tax Paid

Assessed Value

2024

$9,486

$461,343

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Pennymac Loan Services Llc

Fha

$470,324

Yes

First

Oct 16, 2023

Nov 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$488,878

N/A

106%

$3,084/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$3,084/mo

$-858/mo

5.8%

Learn About the Market: Opportunity in Houston

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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.

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