Last 24 Hours
$246,000
NAL Estimated Property Value6321 Joe Louis Ln, Houston, TX, 77091
Off Market
3 Beds
2 Bath
1,008 Sq Ft
$44.64 / sqft
Built in 1997Property Lead Type:
Off-Market ListDeal ListAbsentee Owner
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Heating Central
CoolingExterior
Lot Size5,449 sqft
Building Information
Year Built1997
Stories1
Land Information
APN0814320000018
Lot Number18
SubdivisionInternational
Land UseResidential
Legal DescriptionLT 18 INTERNATIONAL SEC 2
Census Tract531900
Assessed Land Value$71,844
Assessed Improvement Value$119,327
Assessment Year2025
About this property
Property is being sold for lot value. Come see this 3 bedroom 2 bath home with endless possibilities! Home has fire damage, but this could be your chance to restore this charming home back to its maximum potential or if you're looking for a lot to build a new home, this could be it! New homes completed this year are located on the same street and other new home builds are located throughout the area around this home. Amazing location close to I-45 and 290.
Investor Tools
$246,000
Estimated Property Value
$157,183Estimated Mortgage Balance
$88,817Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$225/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,465
$191,171
2025
$71,844
$119,327
$191,171
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,465
$191,171
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
James Palazzolo Ira 300007316
Purchase Money Mortgage
$160,000
No
First
May 14, 2025
May 2026
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,183
$88,817
36%
64%
$960/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$960/mo
+$762/mo
8.4%
12.4%