Last 24 Hours
$274,190
NAL Estimated Property Value4011 Delano St Apt 4, Houston, TX, 77004
$356,447 ARV
Off Market
Commercial
2 Beds
1 Bath
2,576 Sq Ft
$97.05 / sqft
Built in 1940Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Heating Forced Air Unit
CoolingExterior
Lot Size3,245 sqft
Building Information
Year Built1940
Land Information
APN0611620270022
SubdivisionWashington Terrace
Land UseCommercial
Legal DescriptionTR 22 BLK 27 WASHINGTON TERRACE
Census Tract312700
Assessed Land Value$110,330
Assessed Improvement Value$163,860
Assessment Year2025
About this property
Great investment opportunity. Four-plex that is walking distance to the TSU campus. Also near UH, HCC and the Medical Center. The property is being sold "as-is". The property has been taken down to the studs and will need major renovation. Owner has some permits that were granted by the City of Houston for work. There are two units up and two down. Each have two bedrooms, kitchen, living area and bath. Units have separate electric meters. Units rented for $800/each. No tenants since 2021 because of water damage.
Investor Tools
$274,190
Estimated Property Value
$409,633Estimated Mortgage Balance
$274,190Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$356,447
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,645 /month
Positive
Cash Flow Estimate:
$548 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$581/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,600
$274,190
2025
$110,330
$163,860
$274,190
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,600
$274,190
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simplex Lending Llc
Conventional
$418,900
No
First
Feb 10, 2025
Mar 2055
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$409,633
N/A
0%
149%
$2,512/mo
12.4%