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$1,393,000

NAL Estimated Property Value

407 Electra Dr, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,708 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.4 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Gas Oven, Oven, Gas Cooktop, Refrigerator, Dishwasher
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony
Lot Size20,791 sqft

Building Information

Year Built1960
Stories1
Garage Spaces2

Land Information

APN0900250000008
Lot Number8
SubdivisionMemorial Bend
Land UseResidential
Legal DescriptionLT 8 BLK 12 MEMORIAL BEND SEC 3 R/P
Census Tract450700
Assessed Land Value$656,728
Assessed Improvement Value$395,472
Assessment Year2025

About this property

Updated contemporary home located on a half acre lot! You will not believe that you are so close to City center and so many amenities, with the serenity this home offers. 3 bedrooms down with a loft/guest suite + full bath upstairs. This home features updated plumbing, a tank less hot water heater, recessed LED lights and tons of natural light via the skylights. The kitchen boats stainless steel appliances, a gas range, convection oven, modern lacquered cabinets and a stunning backsplash. The Refrigerator is also included. The bathrooms feature sleek tile and quartz countertops. This home has Easy access to I-10, beltway 8 ,City center, the energy corridor and Galleria. It is also only a few homes away from Edith L. Moore nature sanctuary. Zoned to top rated SBISD schools( Rummel creek elementary, Memorial middle and Memorial High school), this home is move in ready!

Investor Tools

Property Icon
$1,393,000
Estimated Property Value
$372,332Estimated Mortgage Balance
$1,020,668Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,358 /month
Positive
Cash Flow Estimate:
$2,786 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,104/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,282
$1,052,200
2025
$656,728
$395,472
$1,052,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,282
$1,052,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$484,650
No
First
Aug 24, 2015
Sep 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$372,332
$1,143,668
75%
27%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
N/A
+$3,250/mo
2.8%

City: Houston

407 Electra Dr | Property Details | No Agent List