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$1,050,201

NAL Estimated Property Value

515 Patchester Dr, Houston, TX, 77079

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,358 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$360.47 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,398 sqft

Building Information

Year Built1966
Stories1
Garage Spaces2

Land Information

APN0985640000015
Lot Number15
SubdivisionWilchester West
Land UseResidential
Legal DescriptionLT 15 BLK 8 WILCHESTER WEST SEC 1
Census Tract450200
Assessed Land Value$504,000
Assessed Improvement Value$546,201
Assessment Year2025

About this property

Stately single-story recently updated home in the sought out neighborhood of Wilchester West. Welcoming front porch is a perfect place to rock and watch the children play in the yard front yard. Large grand formal entry with fresh paint and updated light fixtures opens to a beautiful formal dining and office. Vaulted ceilings in the family room overlook a spacious backyard with a beautiful patio. Updated kitchen has stainless appliances and a fabulous floor plan with plenty of storage and counter space. The utility room and half bathroom are just off the breakfast room and lead out to a 2-car garage. Primary bedroom is tucked away in the back of the home and features a large walk-in closet and large en-suite with dual sinks and large glass enclosed shower. Three adjacent bedrooms share a hall bathroom. This property won't last long.

Investor Tools

Property Icon
$1,050,201
Estimated Property Value
$686,250Estimated Mortgage Balance
$363,951Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,301 /month
Positive
Cash Flow Estimate:
$2,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,148/month
$730/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,530
$1,050,201
2025
$504,000
$546,201
$1,050,201
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,530
$1,050,201

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Low Va Rates Llc
Conventional
$726,200
No
First
May 18, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$686,250
$363,951
34%
65%
$4,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,730/mo
$5,084/mo
$-2,354/mo
3.1%

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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515 Patchester Dr | Property Details | No Agent List