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$773,000

NAL Estimated Property Value

6007 Memorial Dr Unit 201, Houston, TX, 77007

$1,004,900 ARVInfo
Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,714 Sq Ft
price_per_sqft$350.04 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Wine Refrigerator, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen, Dog Run, Balcony

Building Information

Year Built2001

Land Information

APN1216430000001
SubdivisionMemorial Cove
Land UseResidential
Legal DescriptionUNIT 201 5.00 INT COMMON LAND & ELE MEMORIAL COVE LOFTS CONDO AMEND
Census Tract510803
Assessed Land Value$115,596
Assessed Improvement Value$492,804
Assessment Year2025

About this property

Fabulous three bedroom condo has been completely renovated. Large open living concept on the first floor with wood flooring. Kitchen has a breakfast bar, conduction cooktop, ice maker, plenty of cabniet space and opens to the dining room and living room. Floor to ceiling windows provide plenty of natural light. Enjoy outdoor living on a quiet covered patio. One of two spacious primary bedrooms are on the first floor with a large walk-in closet, en suite bathroom with double sinks, separate tub and glass shower. Upstairs you will find the second primary bedroom with ensuite bathroom and a large walk-in closet. The third bedroom has a huge walk-in closet and en suit bath. This unit offers in home laundry and plenty of climate controlled wine storage. Amazing location close to Memorial Park, Buffalo Bayou and minutes from downtown and the medical center.

Investor Tools

Property Icon
$773,000
Estimated Property Value
$0Estimated Mortgage Balance
$773,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,004,900
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,260/month
$1,013/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,255
$608,400
2025
$115,596
$492,804
$608,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,255
$608,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$747,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,013/mo
+$1,567/mo
4.0%

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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6007 Memorial Dr Unit 201 | Property Details | No Agent List