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$272,000

NAL Estimated Property Value

600 E 40th 1/2 Street, Houston, TX, 77022

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,156 Sq Ft
price_per_sqft$230.02 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size4,530 sqft

Building Information

Year Built2000
Stories1

Land Information

APN0620540230001
SubdivisionWilladale
Land UseResidential
Legal DescriptionTR 1 BLK 23 WILLADALE SEC 3
Census Tract530400
Assessed Land Value$133,288
Assessed Improvement Value$124,892
Assessment Year2025

About this property

2/3/2022 Seller has accepted an offer awaiting final documents and earnest money delivery Built in 2000, but completely renovated in 2021. This beauty features; new floors, cabinets, paint, counter tops, toilets, HVAC, cedar front and back porch and a host of additional features. Located in the Willadale community, minutes from the Loop. The location is ideal, but this home is euphoric.

Investor Tools

Property Icon
$272,000
Estimated Property Value
$226,263Estimated Mortgage Balance
$45,737Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,547
$258,180
2025
$133,288
$124,892
$258,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,547
$258,180

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$245,471
Yes
First
Mar 10, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,263
$45,737
16%
83%
$1,472/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,472/mo
$-165/mo
5.8%

City: Houston

600 E 40th 1/2 Street | Property Details | No Agent List