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$240,000

NAL Estimated Property Value

622 E Spreading Oak Dr, Houston, TX, 77076

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths2,026 Sq Ft
price_per_sqft$128.33 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesDisposal

Exterior

Lot Size6,708 sqft

Building Information

Year Built1956
Stories1

Land Information

APN0861120000024
Lot Number24
SubdivisionVelva Rose
Land UseResidential
Legal DescriptionLT 24 BLK 2 VELVA ROSE
Census Tract221501
Assessed Land Value$39,030
Assessed Improvement Value$200,970
Assessment Year2025

About this property

Welcome to your dream home in a coveted, established neighborhood! This charming 1-story residence, boasting 3 bedrooms and a versatile den/flex room, promises comfort & style. Savor peaceful moments on the delightful front porch, welcoming you into a haven of thoughtfully upgraded living spaces. Revel in the remodeled kitchen, a true heart of the home, blending modernity and function. Experience tranquility in the meticulously updated bathroom, while partial new flooring adds a fresh, contemporary touch. The durable 2021 roof, pex plumbing, and practical gutters ensure peace of mind. Enjoy the added bonus of a backyard shed for additional storage or projects. This house has never flooded and being perfectly positioned in a great location, bringing convenience to your doorstep. Make lasting memories in a home where every detail is a blend of warmth and innovation.

Investor Tools

Property Icon
$240,000
Estimated Property Value
$176,831Estimated Mortgage Balance
$63,169Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,957
$240,000
2025
$39,030
$200,970
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,957
$240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$180,000
No
First
May 30, 2025
Jun 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,831
$63,169
26%
74%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,080/mo
+$642/mo
8.6%

City: Houston

622 E Spreading Oak Dr | Property Details | No Agent List