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Owner Contacts

$802,000

NAL Estimated Property Value

502 Patchester Dr, Houston, TX, 77079

$812,251 ARV

Off Market

4 Beds

3 Bath

2,558 Sq Ft

Single Family Residence

$279.51 / sqft

Built in 1968

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator

FlooringCarpet, Tile, Wood

Exterior

Lot Size8,960 sqft

Building Information

Year Built1968

Stories2

Garage Spaces2

Land Information

APN0985630000001

Lot Number1

SubdivisionWilchester West

Land UseResidential

Legal DescriptionLT 1 BLK 7 WILCHESTER WEST SEC 1

Census Tract450200

Assessed Land Value$467,040

Assessed Improvement Value$237,937

Assessment Year2025

About this property

LOWEST PRICE IN THE NEIGHBORHOOD! This well maintained Wilchester West home offers two primary bedrooms – one up, one down. Gracious formal entry greets your guest and has access to the Study, Formal Dining and Family rooms. Family room features vaulted ceilings, skylights and gas log fireplace. The kitchen features two pantries, a gas cooktop and breakfast bar seating with access to the Formal Dining. Large utility room! Bedroom down offers the option of a primary down or guest suite down. Upstairs you will find the second primary bedroom with two closets and en-suite bath plus two additional bedrooms. Recent updates include fresh paint, carpet 2024 and lighting upgrades.

Investor Tools

$802,000

Estimated Property Value

$659,419Estimated Mortgage Balance

$142,581Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$812,250

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,812 /month

Positive

Cash Flow Estimate:

$1,604 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$792/month

$640/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,489

$704,977

2025

$467,040

$237,937

$704,977

Tax History

Year

Tax Paid

Assessed Value

2024

$5,489

$704,977

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$684,000

First

May 28, 2024

Jun 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$659,419

$231,581

25%

82%

$4,101/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,730/mo

$4,741/mo

$-2,011/mo

4.1%

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