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B+
NoAgentList RatingHow are grades calculated? Info

$203,000

550 Wilcrest Drive 550, Houston, TX, 77042

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,740 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$126.41 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Washer/Dryer, Refrigerator
FlooringCarpet, Vinyl

Building Information

Year Built1983
Garage Spaces2

Land Information

APN1154790240007
SubdivisionMarlborough Square Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 550 BLDG X .003970 INT COMMON LAND & ELE MARLBOROUGH SQUARE CONDO PH 2
Census Tract451100
Assessed Land Value$36,057
Assessed Improvement Value$153,719
Assessment Year2025

About this property

Welcome to 550 Wilcrest Dr. Discover a stunning, updated townhome nestled within a secure gated community, complete with a dedicated on-site security guard. This charming two-story residence boasts two spacious bedrooms and two modern bathrooms, along with the convenience of a private two-car garage. Enjoy outdoor living with a fenced patio accessible through elegant French doors. The open floor plan seamlessly connects the beautifully renovated kitchen, featuring sleek quartz countertops, to the inviting dining and living areas, highlighted by a cozy fireplace. Upstairs, you’ll find two generously sized bedrooms, each with en-suite baths, fully upgraded with new quartz countertops and luxury vinyl plank flooring. Additional renovations include brand-new wooden stairs, luxury vinyl flooring, a stylish kitchen breakfast bar, and recessed lighting throughout. Plus, this unit is ideally situated right in front of the community pool.

Investor Tools

Property Icon
$203,000
Estimated Property Value
$0Estimated Mortgage Balance
$44,439Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$86/month
$599/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19
$189,776
2025
$36,057
$153,719
$189,776
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19
$189,776

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Schumer-Yarbrough Development Llc
Unknown
$161,650
No
First
Apr 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,561
$44,439
21%
78%
$970/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$1,569/mo
$-139/mo
8.5%

Learn About the Market: Opportunity in Houston

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Explore

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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550 Wilcrest Drive 550 | Property Details | No Agent List