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$241,000

6118 Ryegate Dr, Houston, TX, 77041

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,618 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.6 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Tile

Exterior

Lot Size6,499 sqft

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APN1147380080022
Lot Number22
SubdivisionConcord Bridge
Land UseResidential
Legal DescriptionLT 22 BLK 8 CONCORD BRIDGE SEC 1
Census Tract540700
Assessed Land Value$57,475
Assessed Improvement Value$151,199
Assessment Year2025

About this property

Cozy single-story home on a corner lot in the Concord Bridge subdivision with 4 bedrooms, 2 full baths, & attached 2-car garage with connections for the W/D! Inside you will find a spacious living room & dining area! The kitchen overlooks the living room which features a floor-to-ceiling brick fireplace! The primary bedroom offers an en-suite bath with a walk-in shower! Enjoy the backyard with a patio and pergola! Zoned to the highly-acclaimed Cy-Fair ISD, this home is located near numerous parks; within proximity to Hwy 6, Hwy 290, & Beltway 8!

Investor Tools

Property Icon
$241,000
Estimated Property Value
$255,280Estimated Mortgage Balance
$0Estimated Equity
-6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$242/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,700
$208,674
2025
$57,475
$151,199
$208,674
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,700
$208,674

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Fha
$255,280
Yes
First
May 19, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,476
N/A
0%
122%
$1,856/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,910/mo
$2,256/mo
+$654/mo
14.5%

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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