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$135,127

6261 Ludington Dr # 1-804, Houston, TX, 77035

Off Market

3 Beds

2 Bath

1,320 Sq Ft

Condos / Townhouses

$75.72 / sqft

Built in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Free-Standing Range, Washer, Dishwasher, Washer/Dryer, Oven

FlooringCarpet, Tile

Building Information

Year Built1983

Land Information

APN1158100010004

SubdivisionFondren Sw Tempo Townhomes

Land UseResidential

Legal DescriptionUNIT 804 BLDG 1 .00625 INT COMMON LAND & ELE FONDREN SW TEMPO T/H SEC 3

Census Tract422302

Assessed Land Value$32,250

Assessed Improvement Value$102,877

Assessment Year2025

About this property

Build an investment portfolio! Great opportunity to update a home for years of enjoyment. Comfortably located as a corner end unit! Well appointed layout offers spacious living area with high ceilings and windows for an open feeling! Enjoy a wood burning fireplace as focal point! Dining area open to living! Kitchen has plenty of cabinet storage and pantry! Washer/dryer connections! Secluded courtyard has sliding glass doors to living room and to first floor bedroom with ensuite bath! The second floor offers a flex space loft area and another bedroom with an ensuite bath! Ample closet space. Assigned, covered parking. Area pool. Gated community. MUST HAVE!

Investor Tools

$135,127

Estimated Property Value

$99,377Estimated Mortgage Balance

$38,859Estimated Equity

26% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$811 /month

Positive

Cash Flow Estimate:

$270 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$287/month

$330/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,767

$135,127

2025

$32,250

$102,877

$135,127

Tax History

Year

Tax Paid

Assessed Value

2024

$2,767

$135,127

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Crosscountry Mortgage Llc

Conventional

$99,377

First

Aug 20, 2024

Sep 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$96,268

$38,859

28%

71%

$596/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$926/mo

+$796/mo

15.3%

Learn About the Market: Opportunity in Houston

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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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