Last 24 Hours
$248,000
NAL Estimated Property Value6318 Illinois St, Houston, TX, 77021
Off Market
2 Beds
1 Bath
1,318 Sq Ft
$189.68 / sqft
Built in 1938Property Lead Type:
High Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Garage Available
HeatingExterior
Lot Size5,001 sqft
Building Information
Year Built1938
Stories1
Garage Spaces5
Land Information
APN0570940000005
Lot Number5
SubdivisionScott Subdivision
Land UseResidential
Legal DescriptionLT 5 BLK 3 SCOTT
Census Tract313202
Assessed Land Value$165,000
Assessed Improvement Value$32,195
Assessment Year2025
About this property
Don't miss this great opportunity in a rapidly growing and developing area of Houston. This property offers a perfect blend of comfort, convenience, and investment potential. The home has 3 bedrooms!!!!! Enjoy easy access to major freeways, making your commute effortless. Ideally located just minutes from Downtown Houston, the renowned Texas Medical Center, and close to the Galleria.
Investor Tools
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$248,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$111/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$88
$197,195
2025
$165,000
$32,195
$197,195
No
Tax History
Year
Tax Paid
Assessed Value
2020
$88
$197,195
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America
Credit Line (Revolving) / Heloc
$35,500
No
First
N/A
Feb 2017
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$262,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
6.3%
12.4%