B+

NoAgentList RatingHow are grades calculated?

10Days on Market

1view

$199,900

6502 Leedale Street, Houston, TX, 77016

On Market

Just Added

4 Beds

3 Bath

1,779 Sq Ft

Single Family Residence

$112.37 / sqft

Built in 1960

Property Lead Type:

BankruptcyHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Laminate

Exterior

Lot Size7,924 sqft

Building Information

Year Built1960

Stories1

Garage Spaces2

Land Information

APN1043490000010

Lot Number10

SubdivisionNorthwood Manor

Land UseResidential

Legal DescriptionLT 10 BLK 59 NORTHWOOD MANOR SEC 7

Census Tract231900

Assessed Land Value$55,985

Assessed Improvement Value$177,748

Assessment Year2025

About this property

Welcome home to this beautiful 4-bedroom, 3-bath residence offering 1,779 square feet of comfortable living space in the Northwood Manor subdivision. This home features a modern kitchen with updated finishes, ample cabinetry and appliances, making it ideal for everyday living and entertaining. Spacious bedrooms provide flexibility for family, guests, or a home office, while the bathrooms showcase stylish vanities, contemporary tile work, and LED mirrors. A formal dining area adds charm and functionality for gatherings and special occasions. Enjoy year-round comfort with central heating and air, plus convenient washer and dryer connections. Situated on a generous lot with easy access to major highways, downtown Houston, shopping, dining, and local schools, this home offers the perfect blend of space, style, and convenience.

Investor Tools

$233,733

Estimated Property Value

$0Estimated Mortgage Balance

$32,320Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,402 /month

Positive

Cash Flow Estimate:

$467 /month

Interested in this property?

Joel Rankin

J.D. Rankin and Associates

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$116/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$223

$233,733

2025

$55,985

$177,748

$233,733

Tax History

Year

Tax Paid

Assessed Value

2020

$223

$233,733

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Open Mortgage Llc

Conventional

$208,250

First

Aug 21, 2024

Sep 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$201,413

$32,320

13%

86%

$1,249/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$1,249/mo

+$473/mo

8.8%

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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