$599,000
NAL Estimated Property Value618 Wendel St, Houston, TX, 77009
Off Market
Property Lead Type:
Off-Market ListAbsentee Owner
Highlights
Interior
Exterior
Lot Size5,001 sqft
Building Information
Year Built1920
Stories1
Garage Spaces2
Land Information
APN0611830090004
Lot Number4
SubdivisionWoodland Terrace
Land UseResidential
Legal DescriptionLT 4 BLK 9 WOODLAND TERRACE
Census Tract510301
Assessed Land Value$500,000
Assessed Improvement Value$88,800
Assessment Year2025
About this property
Cute 2/1 Heights cottage nestled on a quiet dead-end street in a highly sought-after Houston neighborhood. The house is situated between Stude and Woodland parks, just two blocks from the White Oak Hike & Bike Trail. This is a classic bungalow featuring original hardwood floors, glass doorknobs, built-in shelves, nooks, front porch, back deck and fabulous mature trees. Zoned to Travis Elementary. Home has never flooded per seller.
Investor Tools
$599,000
Estimated Property Value
$411,027Estimated Mortgage Balance
$599,000Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,161/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,939
$588,800
2025
$500,000
$88,800
$588,800
No
Tax History
Year
Tax Paid
Assessed Value
2024
$10,939
$588,800
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$416,500
No
First
Aug 6, 2025
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$411,027
$191,973
31%
69%
$2,498/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,498/mo
$-1,191/mo
2.6%
