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$551,000

NAL Estimated Property Value

408 Fairbanks St, Houston, TX, 77009

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,694 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.65 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Gas Oven, Microwave, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher
FlooringTile, Wood

Exterior

Lot Size7,950 sqft

Building Information

Year Built1946
Stories1
Garage Spaces1

Land Information

APN0660640370005
Lot Number5
SubdivisionLindale Park
Land UseResidential
Legal DescriptionLT 5 & TR 6A BLK 34 LINDALE PARK SEC 6
Census Tract210600
Assessed Land Value$216,913
Assessed Improvement Value$253,892
Assessment Year2025

About this property

Pictures are from when previously listed. Recently remodeled ( Approximately 4 years ago) 4 bedroom, 2 bathroom with 2 car detached garage and automatic driveway gate. Pets on a case by case basis with deposit and $250 non refundable for defleaing. Open floorplan with original hardwood floors, large granite island with gas cook top, stainless appliances. Refrigerator and Washer/Dryer Included. Plumbing, electrical and HVAC are newer. Lots of windows make it very light and bright! Yard maintenance is included in the rent. Easy access to 610, I-45,59, Hardy Toll Road. Metro line a couple of blocks down on Fulton for those working in the Med Center that would rather not make the drive. Owner prefers pets under 40 pounds but is open as long as no breeds on the dangerous list. Can also be rented furnished for $3200 a month. Not the same furniture in the pictures.

Investor Tools

Property Icon
$551,000
Estimated Property Value
$287,547Estimated Mortgage Balance
$263,453Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,306 /month
Positive
Cash Flow Estimate:
$1,102 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$962/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,790
$470,805
2025
$216,913
$253,892
$470,805
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,790
$470,805

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$323,000
No
First
Sep 25, 2020
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,547
$298,453
50%
52%
$1,937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,937/mo
+$289/mo
4.8%

City: Houston

408 Fairbanks St | Property Details | No Agent List