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Owner Contacts

$129,621

NAL Estimated Property Value

6217 Ludington Drive 20-914, Houston, TX, 77035

Off Market

2 Beds

3 Bath

1,232 Sq Ft

Condos / Townhouses

$129.06 / sqft

Built in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher

FlooringVinyl

Building Information

Year Built1983

Land Information

APN1158100200001

SubdivisionFondren Sw Tempo Townhomes

Land UseResidential

Legal DescriptionUNIT 914 BLDG 20 .00625 INT COMMON LAND & ELE FONDREN SW TEMPO T/H SEC 3

Census Tract422302

Assessed Land Value$32,250

Assessed Improvement Value$97,371

Assessment Year2025

About this property

Welcome to this meticulously renovated townhouse, offering two bedrooms, two bathrooms, and a versatile loft space in a secure, gated community. Ideally located near the Medical Center, Rice University, and with convenient access to both 610 and Beltway 8, this home is a perfect blend of sophistication and comfort. Inside, you’ll find beautifully upgraded kitchens and bathrooms with sleek quartz countertops and brand-new cabinetry and stainless steel appliances. Additional updates include fresh paint, recessed lighting in the living room and bedrooms, luxurious vinyl plank flooring throughout, and modernized bathrooms. Enjoy the benefit of a low property tax rate and an HOA fee that covers gas, water, and sewer—making this home as practical as it is stunning!

Investor Tools

$129,621

Estimated Property Value

$144,708Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$954 /month

Positive

Cash Flow Estimate:

$318 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$275/month

$360/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,655

$129,621

2025

$32,250

$97,371

$129,621

Tax History

Year

Tax Paid

Assessed Value

2024

$2,655

$129,621

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guild Mortgage Co

Conventional

$148,675

First

Nov 25, 2024

Dec 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$144,708

N/A

112%

$892/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,252/mo

+$55/mo

12.1%

Learn About the Market: Opportunity in Houston

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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.

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