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Owner Contacts

$240,000

NAL Estimated Property Value

622 E Spreading Oak Dr, Houston, TX, 77076

Off Market

3 Beds

1 Bath

2,026 Sq Ft

Single Family Residence

$128.33 / sqft

Built in 1956

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Heating

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

$240,000

Estimated Property Value

$176,831Estimated Mortgage Balance

$63,169Estimated Equity

26% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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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

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

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%

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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