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$135,127

NAL Estimated Property Value

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

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,320 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$97.73 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesFree-Standing Range, 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

Perfect for first-time homebuyers with a vision, this unit presents a rare chance to create your dream home from the ground up. This spacious townhome offers a solid foundation and a flexible layout, ready to be customized to your style and needs. Located in a gated community with easy access to major highways, shopping, and dining, it combines convenience with potential. Whether you're looking to build equity through renovations or personalize every detail, this property is a blank canvas full of possibilities for those ready to invest in their future.

Investor Tools

Property Icon
$135,127
Estimated Property Value
$96,268Estimated Mortgage Balance
$38,859Estimated Equity
28% 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
$415/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
No

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
No
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
$1,011/mo
+$711/mo
15.3%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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6261 Ludington Dr # 1-804 | Property Details | No Agent List