$506,820
NAL Estimated Property Value5508 Petty St, Houston, TX, 77007
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood
Exterior
Lot Size1,747 sqft
Building Information
Year Built2016
Garage Spaces1
Land Information
APN1368280010002
Lot Number2
Land UseResidential
Legal DescriptionLT 2 BLK 1 PETTY TRAILS
Census Tract510901
Assessed Land Value$122,150
Assessed Improvement Value$384,670
Assessment Year2025
About this property
Recent construction in gated community with open floor plan and each bedroom sporting its own en suite bath. Kitchen with wet bar, large island, walk in pantry, and dedicated dining room. Spacious master with light and bright bath, jacuzzi tub, and walk in closet with built in drawers and shelves. 4th floor terrace with bistro lights. Primed for an outdoor kitchen with water, electric, and gas.
Investor Tools
$506,820
Estimated Property Value
$192,654Estimated Mortgage Balance
$314,166Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,041 /month
Positive
Cash Flow Estimate:
$1,014 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$782/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,845
$506,820
2025
$122,150
$384,670
$506,820
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6,845
$506,820
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$213,000
No
First
May 14, 2021
Jun 2041
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,654
$314,166
61%
38%
$1,278/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,278/mo
+$1,302/mo
6.1%
