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Owner Contacts

$118,000

NAL Estimated Property Value

6103 Ludington Dr # 4-940, Houston, TX, 77035

Off Market

2 Beds

2 Bath

1,320 Sq Ft

Condos / Townhouses

$87.12 / sqft

Built in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Washer/Dryer Stacked, Washer, Dishwasher, Oven

FlooringCarpet, Tile

Building Information

Year Built1983

Land Information

APN1158100040004

SubdivisionFondren Sw Tempo Townhomes

Land UseResidential

Legal DescriptionUNIT 940 BLDG 4 .00625 INT COMMON LAND & ELE FONDREN SW TEMPO T/H SEC 3

Census Tract422302

Assessment Year2025

About this property

Check out this deal! Great value added opportunity! This great two-story corner unit offers two-story ceilings in the family room with a fireplace, tile flooring throughout the first floor, and a downstairs den/study that can be utilized as a third bedroom. This floorplan was originally a three bedroom two bathroom home but the owners closed off the doorway from the downstairs bedroom through to the bathroom. This door he could easily be reinstalled to make it a complete third bedroom. Washer and dryer included. With some tender loving care, this could be a beautiful property in a great community! This townhouse comes with covered assigned parking for one car and a community pool. Home is located in a secured gated complex. Easy access to Highway 90, Loop 610, Beltway 8 and 69!

Investor Tools

$118,000

Estimated Property Value

$25,537Estimated Mortgage Balance

$92,463Estimated Equity

77% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$708 /month

Positive

Cash Flow Estimate:

$236 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$135/month

$360/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,029

N/A

2025

N/A

Tax History

Year

Tax Paid

Assessed Value

2020

$1,029

N/A

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Emery Fcu

Purchase Money Mortgage

$46,580

First

Jun 19, 2008

Jul 2038

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$25,537

$90,463

77%

22%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$360/mo

+$947/mo

13.3%

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