30Days on Market

1view

$319,990

6423 Madrid Street, Houston, TX, 77021

On Market

3 Beds

3 Bath

1,693 Sq Ft

Single Family Residence

$189.01 / sqft

Built in 2025

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 3

Exterior

Lot Size2,174 sqft

Building Information

Garage Spaces2

Land Information

APN1470660010001

Lot Number1

Land UseRes Vacant Table Val

Legal DescriptionLT 1 BLK 1 MADRID LANDING

Census Tract313500

Assessed Land Value$49,029

Assessment Year2025

About this property

Welcome to the third phase of Villas on Madrid by UrbanArc! This brand-new development is located minutes from the Medical Center, Downtown, and the University of Houston & Texas Southern campuses. Villas on Madrid offers contemporary living that features first-floor living with high-end finishes throughout including engineered hardwood floors, Quartz countertops, stainless steel appliances, and modern shaker cabinets. The primary bedroom features an oversized walk-in closet as well as a gorgeous bathroom featuring a walk-in shower and freestanding tub. Each home has private driveways and a backyard space with endless possibilities. Less than one mile from the new 52-acre, Hines Development, Levit Green! This commercial development features retail, dining, and outdoor spaces! Less than two miles away from the new TMC3 Medical Center development, a separate 37-acre mixed-use development bringing 23,000 jobs to the area. Great rental investment and AirBnb!

Investor Tools

$327,000

Estimated Property Value

$0Estimated Mortgage Balance

$114,215Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,962 /month

Positive

Cash Flow Estimate:

$654 /month

Interested in this property?

Patrick Burbridge

CitiQuest Properties

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$222/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,026

$49,029

2025

$49,029

N/A

$49,029

Tax History

Year

Tax Paid

Assessed Value

2024

$1,026

$49,029

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amplify Cu

Commercial

$217,599

First

Mar 1, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$212,785

$114,215

34%

65%

$1,305/mo

Learn About the Market: Opportunity in Houston

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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.

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