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$228,375

NAL Estimated Property Value

490 Wilcrest Drive Drive, Houston, TX, 77042

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,740 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$117.82 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyPre-ForeclosureHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Cooktop, Dishwasher

Building Information

Year Built1983
Garage Spaces2

Land Information

APN1154790200009
SubdivisionMarlborough Square Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 490 BLDG T .003970 INT COMMON LAND & ELE MARLBOROUGH SQUARE CONDO PH 2
Census Tract451100
Assessed Land Value$43,391
Assessed Improvement Value$184,984
Assessment Year2025

About this property

Welcome home to this completely renovated 2 bedroom, 2 and a half bathroom condo! The kitchen has been opened up for an elegant and open concept look into the dining area and main living room. This home is upgraded with stainless steel appliances, new cabinets and quartz throughout the kitchen and the bathrooms. With over 1,700 square feet each room is very spacious including the primary and secondary bedrooms. The bathrooms are equipped with a jaw dropping tile surrounding the showers, new toilets and fixtures, the primary bathroom has two sinks and two closets in the bedroom as well. Other upgrades include new carpet, fresh paint, crown molding, new water resistant wood laminate flooring on the main floor. There is a secluded back patio perfect for grilling with complex pool right beside it and some green areas to relax and enjoy the outdoors. There is also an attached 2 car garage off the back of the condo leading into the kitchen and half bath area. Schedule your showing today!

Investor Tools

Property Icon
$228,375
Estimated Property Value
$193,473Estimated Mortgage Balance
$34,902Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,370 /month
Positive
Cash Flow Estimate:
$457 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$349/month
$430/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,043
$228,375
2025
$43,391
$184,984
$228,375
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,043
$228,375

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$201,286
Yes
First
Feb 11, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,473
$34,902
15%
85%
$1,258/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$1,688/mo
$-258/mo
7.5%

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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490 Wilcrest Drive Drive | Property Details | No Agent List