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Owner Contacts

$864,000

NAL Estimated Property Value

4239 Drake St, Houston, TX, 77005

Off Market

4 Beds

4 Bath

3,085 Sq Ft

Single Family Residence

$260.94 / sqft

Built in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Gas Cooktop

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size2,500 sqft

Building Information

Year Built2022

Garage Spaces1

Land Information

APN1459020010002

Lot Number2

Land UseResidential Single Family

Legal DescriptionLT 2 BLK 1 WEST UNIVERSITY ESTATES

Census Tract411801

Assessed Land Value$250,000

Assessed Improvement Value$445,168

Assessment Year2025

About this property

Located in an EXCEPTIONAL school district, From award-winning homebuilder, ROC Homes, this 3 story, 4 BD & 3.5 BTH home features a rare "1st Floor Lifestyle" with a private driveway and attached two-car garage for comfort and convenience. Enjoy new-construction splendor estimated to be completed by March 2023, perfect timing to MAKE COLOR SELECTIONS!! It features a lovely chef's kitchen equipped with Shaker cabinetry, granite countertops and premium Bosch stainless steel appliances. The living & dining areas boast engineered wood flooring & abundant natural light. Outside, cedar fencing surrounds a covered patio and lawn area. Upstairs, you'll find a master suite with a huge walk-in closet, balcony & an en suite spa bathroom. 2 additional beds, a bath, a laundry room & a private study complete the second floor, and a bed, bath and large secondary living space the third floor. Will be completed in March 2023 See link to virtual tour below

Investor Tools

$864,000

Estimated Property Value

$707,561Estimated Mortgage Balance

$156,439Estimated Equity

16% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,184 /month

Positive

Cash Flow Estimate:

$1,728 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,304/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,334

$695,168

2025

$250,000

$445,168

$695,168

Tax History

Year

Tax Paid

Assessed Value

2024

$11,334

$695,168

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Origin Bank

Conventional

$735,533

First

Mar 31, 2023

Apr 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$707,561

$142,439

16%

82%

$4,650/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$4,650/mo

$-1,310/mo

4.6%

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