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$230,000

NAL Estimated Property Value

6823 Paris St, Houston, TX, 77021

$242,718 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,454 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.18 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size2,500 sqft

Building Information

Year Built2023
Garage Spaces1

Land Information

APN1458480010002
Lot Number2
Land UseResidential
Legal DescriptionLT 2 BLK 1 CALHOUN PARIS HOMES
Census Tract313500
Assessed Land Value$63,750
Assessed Improvement Value$166,250
Assessment Year2025

About this property

This exceptional property, crafted by a top-tier builder Park Street Homes, showcases an array of remarkable upgrades, including chrome fixtures, meticulously designed kitchen and bathroom cabinets, a stainless steel appliance package and stunning granite or quartz countertops throughout. With a generously sized backyard, this residence offers the perfect setting for hosting gatherings and creating cherished memories. Home is still under construction and expected to be completed by the end of October 2023. This home is a part of the Midtown Redevelopment & CCPPI Affordable Housing Program. Homebuyers must meet the eligibility criteria. Eligibility includes but is not limited to; income must be in the 120% of area median income, buyer must take a homebuyer workshop through Houston Area Urban League, owner occupancy required, secondary lien for 20 years. Furthermore, this home is eligible for various grant programs. Please inquire with your realtor for further details.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$229,341Estimated Mortgage Balance
$659Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$242,718
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$614/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,213
$230,000
2025
$63,750
$166,250
$230,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,213
$230,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Fha
$225,834
Yes
First
Jul 19, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,341
$26,659
10%
100%
$1,422/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,422/mo
+$300/mo
9.0%

City: Houston

6823 Paris St | Property Details | No Agent List