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$896,000

NAL Estimated Property Value

608 Rancho Bauer Dr, Houston, TX, 77079

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,612 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.42 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Electric Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Lot Size7,723 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN0813130000008
SubdivisionMemorial Drive Acres
Land UseResidential
Legal DescriptionTR 1B BLK 4 MEMORIAL DRIVE ACRES
Census Tract450700
Assessed Land Value$259,560
Assessed Improvement Value$479,259
Assessment Year2025

About this property

Stunning renovation! This home has been taken down to the studs with new wood floors installed throughout the main living spaces! Light and bright with floor to ceiling windows and tall ceilings throughout. Custom cabinets in the island kitchen with granite counters, SS appliances, updated fixtures and recessed lighting. Spacious living room has views of the courtyards. The master suite has private access to its own courtyard. The master bathroom has custom cabinets, double sinks, granite counters, large walk-in shower with seamless glass doors and two walk-in closets. There is a study just off the master bedroom that could also be used as a nursery. The secondary rooms are good size rooms and share a Jack and Jill bathroom with custom cabinets, granite counters, double sinks, new tile surround and tile flooring. Located in Spring Branch ISD, easy access to the freeway/toll roads and there are many places to shop and dine very close by.

Investor Tools

Property Icon
$896,000
Estimated Property Value
$343,033Estimated Mortgage Balance
$552,967Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,376 /month
Positive
Cash Flow Estimate:
$1,792 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$805/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,186
$738,819
2025
$259,560
$479,259
$738,819
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,186
$738,819

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Goldwater Bank Na
Conventional
$380,000
No
First
Apr 27, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,033
$485,967
58%
38%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$2,579/mo
$-469/mo
2.8%

Learn About the Market: Opportunity in Houston

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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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608 Rancho Bauer Dr | Property Details | No Agent List