$499,000
6023 Pineshade Lane, Houston, TX, 77008
On Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Exterior
Lot Size7,322 sqft
Building Information
Year Built1954
Stories1
Garage Spaces1
Land Information
APN0812390000003
Lot Number3
SubdivisionTimbergrove Manor
Land UseResidential
Legal DescriptionLT 3 BLK 29 TIMBERGROVE MANOR SEC 6
Census Tract511004
Assessed Land Value$363,000
Assessed Improvement Value$209,102
Assessment Year2025
About this property
Great location at a great price. 2 bedrooms, 2 bathrooms, 1 car garage and recent appliances, a covered patio to enjoy the large backyard. The neighborhood offers miles of jogging and bike trails, parks and a nature reserve just a few steps away. Come see how this neighborhood is being transformed. This recently updated home in Timbergrove Manor offers a lot of possibilities. Great renatal income or build on this lot. Tenants in place offer income while working on engeneering and permits.
Investor Tools
$156,605Estimated Mortgage Balance
$415,497Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,433 /month
Positive
Cash Flow Estimate:
$1,144 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,088/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,193
$572,102
2025
$363,000
$209,102
$572,102
No
Tax History
Year
Tax Paid
Assessed Value
2024
$10,193
$572,102
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Gulf Bank Na
Commercial
$180,000
No
First
Nov 14, 2019
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,605
$415,497
72%
27%
$1,080/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,080/mo
+$1,150/mo
4.7%
