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$135,764

NAL Estimated Property Value

6168 Ludington Drive 11-888, Houston, TX, 77035

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,320 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$51.52 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1983

Land Information

APN1158100110003
SubdivisionFondren Sw Tempo Townhomes
Land UseResidential
Legal DescriptionUNIT 888 BLDG 11 .00625 INT COMMON LAND & ELE FONDREN SW TEMPO T/H SEC 3
Census Tract422302
Assessed Land Value$32,250
Assessed Improvement Value$103,514
Assessment Year2025

About this property

.OFFER ACCEPTED! AWAITING SELLER SIGNATURES Priced to sell! SELLER FIRM ON PRICE. OUTSTANDING Tenant pays $1020. Lease ends January 31, 2021. No flooding during Harvey. HOA assessment $280.80 per month. Sold AS IS. Outside AC is older but works. AS-IS SELLER MAKES NO REPAIRS. PRICED WELL BELOW MARKET VALUE. MUST MAKE OFFER BEFORE SHOWING

Investor Tools

Property Icon
$135,764
Estimated Property Value
$84,521Estimated Mortgage Balance
$51,243Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$815 /month
Positive
Cash Flow Estimate:
$272 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$288/month
$281/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,780
$135,764
2025
$32,250
$103,514
$135,764
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,780
$135,764

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
East West Bank
Conventional
$86,400
No
First
Feb 26, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$84,521
$51,243
37%
62%
$605/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$886/mo
+$421/mo
11.6%

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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6168 Ludington Drive 11-888 | Property Details | No Agent List