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$340,000

NAL Estimated Property Value

620 Thornton Oaks Ln, Houston, TX, 77018

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,236 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$720.06 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,708 sqft

Building Information

Year Built2020
Garage Spaces1

Land Information

APN1363860010038
Lot Number38
Land UseResidential
Legal DescriptionLT 38 BLK 1 THORNTON GROVE
Census Tract530600
Assessed Land Value$93,015
Assessed Improvement Value$242,616
Assessment Year2025

About this property

620 Thornton consists of 2 tracts totaling approximately 38,896 sq. feet. The 2 combined lots are appx. 102 front X 376. There are four residential buildings. Three are single family and one is a triplex. All are rented and occupied on a month to month basis. The rents are below market. The buildings are in fair condition at the best but definitely not falling down. If you are an investor the best use is to upgrade buildings and get new renters that will pay market price. DRIVE BY ONLY... DO NOT DISTURB TENANTS. WILL SHOW WITH AN ACCEPTED OFFER. This is a beautiful lot.

Investor Tools

Property Icon
$340,000
Estimated Property Value
$287,428Estimated Mortgage Balance
$52,572Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,340 /month
Positive
Cash Flow Estimate:
$1,780 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$651/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,115
$335,631
2025
$93,015
$242,616
$335,631
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,115
$335,631

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$302,100
No
First
Sep 8, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,428
$66,572
18%
85%
$1,812/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,812/mo
$-90/mo
6.1%

City: Houston

620 Thornton Oaks Ln | Property Details | No Agent List