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$280,000

NAL Estimated Property Value

6115 Ray Dr, Pasadena, TX, 77505

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,644 Sq Ft
price_per_sqft$160.89 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher, Dryer, Oven, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size6,538 sqft

Building Information

Year Built1991
Stories1
Garage Spaces2

Land Information

APN1137410040004
Lot Number4
SubdivisionCountry Briar
Land UseResidential
Legal DescriptionLT 4 BLK 4 COUNTRY BRIAR SEC 2
Census Tract342100
Assessed Land Value$57,726
Assessed Improvement Value$217,055
Assessment Year2025

About this property

Come see this immaculate home located just off the East Sam Houston Pkway with easy access to I45 and 225. This three bedroom/two bath home is ready for immediate move-in. A large entry welcomes you into the spacious family room complete with beautiful hardwood floors, a fireplace, a ceiling fan, and windows to the patio, and a fully fenced backyard. The kitchen/dining area make entertaining a delight. The oversized utility/pantry is located adjacent to the kitchen and provides access to the garage. The master bedroom has a ensuite bath with double-sinks, a walk-in shower, a large tub, and a spacious walk-in closet. The split plan puts the other bedrooms and the guest bath on the other side of the family room providing privacy/quiet. The covered back porch stretches across the backside of the home and is the perfect setting for that first cup of coffee each morning (no back neighbors). Washer/dryer/refrigerator/free-standing stove remain. Room dimensions to be verified by buyer.

Investor Tools

Property Icon
$280,000
Estimated Property Value
$268,347Estimated Mortgage Balance
$11,653Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$958
$274,781
2025
$57,726
$217,055
$274,781
No

Tax History

Year
Tax Paid
Assessed Value
2024
$958
$274,781

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Fha
$262,163
Yes
First
Dec 6, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$268,347
$6,434
2%
96%
$1,651/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,860/mo
$1,651/mo
+$209/mo
8.0%

City: Pasadena