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$167,896

6118 Ridgeway Dr, Houston, TX, 77033

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,518 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.62 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,360 sqft

Building Information

Year Built1955
Stories1

Land Information

APN0824610000005
Lot Number5
SubdivisionEdgewood
Land UseResidential
Legal DescriptionLT 5 BLK 43 EDGEWOOD SEC 9
Census Tract332300
Assessed Land Value$65,858
Assessed Improvement Value$102,038
Assessment Year2025

About this property

Fantastic home in sought after location! This home has fresh interior paint and new flooring. Windows create a light filled interior with well placed neutral accents. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Additional bedrooms provide nice living or office space. The primary bathroom features plenty of under sink storage waiting for your home organization needs. Take it easy in the fenced in back yard. The sitting area makes it great for BBQs! A must see!

Investor Tools

Property Icon
$167,896
Estimated Property Value
$174,000Estimated Mortgage Balance
$3,750Estimated Equity
-4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,044 /month
Positive
Cash Flow Estimate:
$348 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$304/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,814
$167,896
2025
$65,858
$102,038
$167,896
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,814
$167,896

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$174,000
No
First
Apr 14, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,146
$3,750
2%
98%
$1,044/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,044/mo
+$678/mo
12.3%

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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