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Owner Contacts

$793,000

NAL Estimated Property Value

516 W Polk St, Houston, TX, 77019

Off Market

3 Beds

5 Bath

2,710 Sq Ft

$221.03 / sqft

Built in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Electric Oven, Oven, Microwave, Gas Range, Refrigerator, Dishwasher, Washer/Dryer, Cooktop

FlooringCarpet, Stone, Tile, Wood

Exterior

Exterior FeaturesBalcony, Storage

Lot Size2,435 sqft

Building Information

Year Built2009

Garage Spaces2

Land Information

APN1310470010001

Lot Number1

Land UseResidential

Legal DescriptionLT 1 BLK 1 KASS VILLAS AMEND

Census Tract410202

Assessed Land Value$196,900

Assessed Improvement Value$428,100

Assessment Year2025

About this property

Lovely 3 bedroom 3.2 bathroom townhouse in Montrose. This home features 2nd floor, open concept living dining and kitchen area with high ceilings, hardwoods and tons of natural light. Kitchen includes stainless steel appliances, granite countertops, spacious breakfast bar, walk-in pantry and wine room. 1st floor guest room with private bathroom and access to, fenced-in patio with outdoor kitchen and home generator. Primary bedroom is located on the 3rd floor along with another bedroom and bath and features high ceilings and tons of natural light. Double vanities, spacious jetted tub and walk-in shower in the primary bathroom. 4th floor features rooftop patio with half bath. *All info per Seller.

Investor Tools

$793,000

Estimated Property Value

$430,531Estimated Mortgage Balance

$362,469Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,758 /month

Positive

Cash Flow Estimate:

$1,586 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,266/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,231

$625,000

2025

$196,900

$428,100

$625,000

Tax History

Year

Tax Paid

Assessed Value

2024

$11,231

$625,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Third Coast Bank Ssb

Conventional

$476,000

First

May 28, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$430,531

$285,469

39%

54%

$2,854/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$2,854/mo

$-274/mo

3.9%

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