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Owner Contacts

$417,000

4514 Mcdermed Dr, Houston, TX, 77035

Off Market

3 Beds

2 Bath

2,229 Sq Ft

Single Family Residence

$134.59 / sqft

Built in 1956

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Cooktop, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size9,457 sqft

Building Information

Year Built1956

Stories1

Garage Spaces1

Land Information

APN0853480000008

Lot Number8

SubdivisionWillow Meadows

Land UseResidential

Legal DescriptionLT 8 BLK 4 WILLOW MEADOWS SEC 3

Census Tract420300

Assessed Land Value$276,830

Assessed Improvement Value$106,592

Assessment Year2025

About this property

Nestled within the charming Willow Meadows subdivision, this quaint 1950s-era home offers a timeless canvas for those with a vision to transform it into a modern oasis. With 3 spacious bedrooms, 2 bathrooms, formal den, living room, and formal dining, this property invites you to embark on a journey of renovation and restoration. Located on a cul-de-sac, the large front yard features mature trees and greenery, offering both privacy and a touch of serenity. While currently boasting vintage cabinetry and countertops, the layout lends itself to a spacious, open-plan redesign. Imagine a contemporary kitchen with stainless steel appliances, granite countertops, and an island with seating for casual dining. This home offers the best of both worlds—vintage charm and modern convenience. Close to local schools, parks, shopping centers, and located in the tranquility of a quiet residential area. Schedule your showing today!

Investor Tools

$417,000

Estimated Property Value

$265,600Estimated Mortgage Balance

$163,875Estimated Equity

36% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,502 /month

Positive

Cash Flow Estimate:

$834 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$183/month

$396/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$109

$383,422

2025

$276,830

$106,592

$383,422

Tax History

Year

Tax Paid

Assessed Value

2024

$109

$383,422

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jackson Flagstar Centre Office

Conventional

$265,600

First

Oct 27, 2023

Nov 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$253,125

$130,297

33%

61%

$1,593/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,989/mo

$-267/mo

5.0%

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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