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Owner Contacts

$620,215

NAL Estimated Property Value

542 Threlkeld St, Houston, TX, 77007

Off Market

2 Beds

1 Bath

1,050 Sq Ft

Single Family Residence

$2 / sqft

Built in 1920

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Forced Air Unit

Cooling

AppliancesDisposal, Microwave, Gas Range, Refrigerator

FlooringWood

Exterior

Exterior FeaturesPlayground

Lot Size5,001 sqft

Building Information

Year Built1920

Stories1

Land Information

APN0512050030006

Lot Number6

SubdivisionUsener

Land UseResidential

Legal DescriptionLT 6 BLK 3 USENER

Census Tract510400

Assessed Land Value$550,000

Assessed Improvement Value$70,215

Assessment Year2025

About this property

Beautiful renovated Heights Bungalow featuring original hardwood floors for that period correct feel. Living room has vaulted ceilings and large windows making for a bright open space. Fresh tile and paint in this island kitchen with gas range, the perfect space to bring your culinary ideas to life. Bathroom has updated, over sized walk in, tiled shower. Large fenced back yard make for a peaceful sanctuary after a busy day. Home also features new A/C, water heater and off-street parking. This home has a great location in The Heights, conveniently located to nearby shopping, dining, miles of trails and Stude Park.

Investor Tools

$620,215

Estimated Property Value

$234,203Estimated Mortgage Balance

$386,012Estimated Equity

62% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,721 /month

Positive

Cash Flow Estimate:

$1,240 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,238/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,753

$620,215

2025

$550,000

$70,215

$620,215

Tax History

Year

Tax Paid

Assessed Value

2024

$11,753

$620,215

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Independent Bank

Credit Line (Revolving) / Heloc

$250,000

First

Dec 21, 2022

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$234,203

$386,012

62%

38%

$1,499/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,499/mo

+$461/mo

3.8%

Learn About the Market: Opportunity in Houston

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