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Owner Contacts

$270,397

4061 Mcdermed Dr, Houston, TX, 77025

Off Market

2 Beds

1 Bath

1,285 Sq Ft

Single Family Residence

$198.37 / sqft

Built in 1953

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Free-Standing Range, Dishwasher, Oven

FlooringTile, Wood

Exterior

Lot Size7,301 sqft

Building Information

Year Built1953

Stories1

Garage Spaces1

Land Information

APN0771740100320

Lot Number320

SubdivisionWestwood

Land UseResidential

Legal DescriptionLT 320 BLK 10 WESTWOOD SEC 2 R/P

Census Tract420200

Assessed Land Value$188,513

Assessed Improvement Value$81,884

Assessment Year2025

About this property

Welcome to 4061 McDermed! This charming 2 bedroom / 1 bath Westwood home is situated on a large lot and features lush landscaping and a fabulous outdoor patio. Located on a quiet street with beautifully maintained homes, the interior space offers an incredibly functional layout with separate living and dining areas, spacious bedrooms with great closet space, and an updated bathroom. The light and bright kitchen features stainless steel appliances and offers so much potential. Recently refinished hardwood floors are found in the living area, dining area, bedrooms, and hallway; neutral tile flooring is found in the kitchen, study, and bath. Westwood is a deed restricted community conveniently located near the Texas Medical Center. This jewel box home offers great freeway access and is close to many of the best shopping and dining venues Houston has to offer.

Investor Tools

$270,397

Estimated Property Value

$252,200Estimated Mortgage Balance

$40,528Estimated Equity

7% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,622 /month

Positive

Cash Flow Estimate:

$541 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$385/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,267

$270,397

2025

$188,513

$81,884

$270,397

Tax History

Year

Tax Paid

Assessed Value

2024

$3,267

$270,397

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$252,200

First

Sep 8, 2021

Oct 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$229,869

$40,528

14%

85%

$1,513/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,550/mo

$1,513/mo

+$37/mo

6.9%

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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