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$199,900

6718 Madrid St, Houston, TX, 77021

$207,334 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,923 Sq Ft
price_per_sqft$103.95 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Range
FlooringTile

Exterior

Lot Size5,001 sqft

Building Information

Year Built1955
Stories1
Garage Spaces2

Land Information

APN0572770100020
Lot Number20
SubdivisionGrand Park
Land UseResidential
Legal DescriptionLT 20 BLK 10 GRAND PARK
Census Tract313500
Assessed Land Value$85,000
Assessed Improvement Value$67,992
Assessment Year2025

About this property

Welcome to 6718 Madrid, a spacious single-story home in a growing area with no HOA. Fully fenced with wrought iron fencing, this home offers a flexible floor plan with 4/5 bedrooms, 2 full baths, and plenty of space throughout. Originally a 3-bedroom home, an additional bedroom was added and is not reflected in the tax square footage. The home features a split floor plan with all bedrooms downstairs, no carpet, ceiling fans, and multiple living areas. The kitchen offers stainless steel refrigerator and stove/range, plenty of cabinet and counter space, while the large flex room in the back is perfect for a game room, home office, or additional living area. Outside, enjoy a spacious backyard with plenty of room for entertaining, kids, or pets. Conveniently located near 610, major freeways, the Medical Center, University of Houston, Downtown, shopping, dining, and more. Great opportunity for a homeowner or investor in a convenient Houston location. Ask about seller financing.

Investor Tools

$0Estimated Mortgage Balance
$235,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$207,333
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

Interested in this property?

Toan Vu

Greatland Living

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$362/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,163
$152,992
2025
$85,000
$67,992
$152,992
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,163
$152,992

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$198,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
8.8%

City: Houston