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$766,000

NAL Estimated Property Value

6007 Memorial Dr Unit 202, Houston, TX, 77007

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,554 Sq Ft
price_per_sqft$418.27 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Full Size, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony/Terrace, Storage, Outdoor Kitchen, Dog Run, Storage Outside of Unit

Building Information

Year Built2001

Land Information

APN1216430000002
SubdivisionMemorial Cove
Land UseResidential
Legal DescriptionUNIT 202 5.00 INT COMMON LAND & ELE MEMORIAL COVE LOFTS CONDO AMEND
Census Tract510803
Assessed Land Value$70,984
Assessed Improvement Value$302,618
Assessment Year2025

About this property

Location, location, location! If you're looking to be near it all, this is the place for you. Just minutes to downtown, Memorial Park, River Oaks, The Galleria, Heights and The Medical Center. Experience luxury living in this boutique, mid-rise at its finest. Residents enjoy controlled access into the building, a private courtyard with outdoor kitchen and a dog park. Seller has meticulously maintained this unit. Kitchen has been completely remodeled with a stunning, waterfall island, new appliances including an induction stove top and custom cabinets. The accent brick wall brings sophistication to this loft along with the updated secondary bathroom which is sure to please. 18' soaring windows with remote controlled shades, hardwood floors, private balcony and an exceptional owner's suite on the second level. This unit comes with two parking spots (tandem) and a storage space. Book your tour today! Properties like this do not become available often.

Investor Tools

Property Icon
$766,000
Estimated Property Value
$0Estimated Mortgage Balance
$766,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,596 /month
Positive
Cash Flow Estimate:
$1,532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
$1,142/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$831
$373,602
2025
$70,984
$302,618
$373,602
No

Tax History

Year
Tax Paid
Assessed Value
2024
$831
$373,602

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$643,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,142/mo
+$818/mo
3.1%

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 202 | Property Details | No Agent List