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Owner Contacts

$460,506

NAL Estimated Property Value

4851 Mcdermed Dr, Houston, TX, 77035

Off Market

4 Beds

2 Bath

2,152 Sq Ft

Single Family Residence

$202.09 / sqft

Built in 1956

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Lot Size9,736 sqft

Building Information

Year Built1956

Stories1

Garage Spaces3

Land Information

APN0852010000002

Lot Number2

SubdivisionWillow Meadows

Land UseResidential

Legal DescriptionLT 2 BLK 19 WILLOW MEADOWS SEC 2

Census Tract420300

Assessed Land Value$281,155

Assessed Improvement Value$179,351

Assessment Year2025

About this property

Welcome Home to a stunning renovation in the charming Willow Meadows community! A rare 4-BEDROOM beauty! This sleek 1-story has been reimagined, beginning with the wide-open sight-lines that connect spaces throughout the living area. Brand new windows welcome the light inside, and the rich engineered hardwoods flow throughout the space. Your kitchen has endless quartz, stainless appliances, bold hardware, plus modern farmhouse touches. The open configuration joins the huge living, family, and dining rooms…perfect for entertaining and today’s lifestyle! Outside, you have fresh landscaping, tons of parking and a big backyard with a bonus storage shed/workshop and new driveway gate. Newer roof, new HVAC system and ducts and NO FLOODING per seller! All this plus phenomenal access to 610, Med Center, Galleria and more!

Investor Tools

$460,506

Estimated Property Value

$399,745Estimated Mortgage Balance

$60,761Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,763 /month

Positive

Cash Flow Estimate:

$921 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$685/month

$360/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,916

$460,506

2025

$281,155

$179,351

$460,506

Tax History

Year

Tax Paid

Assessed Value

2024

$5,916

$460,506

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Ark-La-Tex Financial Services Llc

Conventional

$412,000

First

Sep 26, 2024

Oct 2044

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$399,745

$85,255

17%

87%

$2,471/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$2,831/mo

$-605/mo

5.8%

Learn About the Market: Opportunity in Houston

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