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$492,000

NAL Estimated Property Value

6118 Waltway Dr, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,203 Sq Ft
price_per_sqft$299.25 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,451 sqft

Building Information

Year Built1954
Stories1
Garage Spaces1

Land Information

APN0812420000022
Lot Number22
SubdivisionTimbergrove Manor
Land UseResidential
Legal DescriptionLT 22 BLK 32 TIMBERGROVE MANOR SEC 6
Census Tract511004
Assessed Land Value$391,250
Assessed Improvement Value$87,268
Assessment Year2025

About this property

Partially updated bungalow in highly sought after Timbergrove Manor community offers enormous potential. Seller will make NO repairs. Property being sold as is. Home sits on a hill and did not flood during Harvey. This property will not last long. Property is vacant and ready for immediate occupancy. Garage was closed off with the intention of expanding the interior, which wasn't completed so can be easily converted back to garage or used to increase the sq. ft. of the home. Nearby trails off West 11th St. Park to bird watch or enjoy the serenity. Hike & Bike Trail is nearby as well. SELLER HAS REDUCED PRICE FOR A QUICK SALE.

Investor Tools

Property Icon
$492,000
Estimated Property Value
$0Estimated Mortgage Balance
$492,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,952 /month
Positive
Cash Flow Estimate:
$984 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,003/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,577
$478,518
2025
$391,250
$87,268
$478,518
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,577
$478,518

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$512,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
N/A
+$2,230/mo
5.4%

City: Houston

6118 Waltway Dr | Property Details | No Agent List