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$389,825

NAL Estimated Property Value

6840 Avenue L, Houston, TX, 77011

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths884 Sq Ft
price_per_sqft$197.96 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Wood

Exterior

Lot Size7,501 sqft

Building Information

Year Built1940
Stories1

Land Information

APN0390560000038
Lot Number38-40
SubdivisionCentral Park
Land UseResidential
Legal DescriptionLTS 38 39 & 40 BLK 103 CENTRAL PARK
Census Tract311001
Assessed Land Value$112,500
Assessed Improvement Value$277,325
Assessment Year2025

About this property

This charming 3-bedroom, 2.5-bathroom bungalow-style home is a true gem. Step inside and be greeted by the seamless fusion of classic charm and modern elegance. The living space welcomes you with open-concept and beautifully designed kitchen that is equipped with sleek marble countertops and a walk in pantry. The three bedrooms provide comfortable spaces for relaxation and rejuvenation. The master suite is a true retreat, boasting a private ensuite bathroom that exudes luxury. The large yard provides a canvas for your creativity, promising a space where cherished memories are to be made. Situated in an upcoming area, you’ll have the convenience of being close to downtown which means you're just moments away from the city's best dining, entertainment, and cultural experiences. Embrace the urban lifestyle without sacrificing the tranquility of a residential neighborhood. Schedule a viewing today. Your dream home awaits!

Investor Tools

Property Icon
$389,825
Estimated Property Value
$377,387Estimated Mortgage Balance
$12,438Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,339 /month
Positive
Cash Flow Estimate:
$780 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$622/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,509
$389,825
2025
$112,500
$277,325
$389,825
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,509
$389,825

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swift Home Loans Inc
Fha
$385,925
Yes
First
Feb 24, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,387
$12,438
3%
97%
$2,314/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,314/mo
$-88/mo
6.9%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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6840 Avenue L | Property Details | No Agent List