Last 24 Hours
$2,016,000
NAL Estimated Property Value506 Redan St, Houston, TX, 77009
Off Market
4 Beds
2 Bath
1,472 Sq Ft
$454.48 / sqft
Built in 1935Property Lead Type:
Off-Market ListAbsentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 4
Bathrooms Full 3
Garage Available
Heating Central
CoolingAppliancesDishwasher
Exterior
Lot Size7,928 sqft
Building Information
Year Built2022
Garage Spaces2
Land Information
APN0092630000003
Lot Number3
SubdivisionClays
Land UseResidential
Legal DescriptionLT 3 & TR 4A BLK 1 CLAYS SEC 1
Census Tract510302
Assessed Land Value$793,000
Assessed Improvement Value$1,064,380
Assessment Year2025
About this property
Perfect place to build your dream home on oversized lot in beautiful Woodland Heights. Current tenant is month to month. Rent property out for income or while you are designing your perfect home. Right down street from award winning Travis Elementary and quick access to I-45 and all that Woodland Heights has to offer. As-Is/Where Is. Not in historic district.
Investor Tools
$2,016,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,016,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,096 /month
Positive
Cash Flow Estimate:
$4,032 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,472/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$31,586
$1,857,380
2025
$793,000
$1,064,380
$1,857,380
No
Tax History
Year
Tax Paid
Assessed Value
2024
$31,586
$1,857,380
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,067,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
N/A
+$2,226/mo
1.3%
12.4%