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$129,621

NAL Estimated Property Value

6253 Ludington Drive 2-811, Houston, TX, 77035

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,232 Sq Ft
price_per_sqft$119.32 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Electric Range, Dishwasher
FlooringCarpet, Laminate

Building Information

Year Built1983

Land Information

APN1158100020005
SubdivisionFondren Sw Tempo Townhomes
Land UseResidential
Legal DescriptionUNIT 811 BLDG 2 .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

This unit is on the corner in the Fondren Southwest Tempo Complex. Quick access to the parking lot. It has a spacious floor plan, with 2 bedrooms upstairs and an office or bedroom space downstairs. Windows downstairs has new window shades and also allows lots of natural light. The unit has been completely updated with new paint, new carpet, new vinyl plank flooring. Both bathrooms have been renovated. Back in the Market! Call today and schedule your showing!

Investor Tools

Property Icon
$129,621
Estimated Property Value
$49,120Estimated Mortgage Balance
$80,501Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$882 /month
Positive
Cash Flow Estimate:
$294 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
$394/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
No

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
Jpmorgan Chase Bank Na
Conventional
$50,000
No
First
May 8, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$49,120
$80,501
62%
38%
$300/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$694/mo
+$1,028/mo
15.9%

City: Houston

6253 Ludington Drive 2-811 | Property Details | No Agent List