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Owner Contacts

$141,000

NAL Estimated Property Value

813 Wax Myrtle Lane 2, Houston, TX, 77079

Off Market

1 Beds

1 Bath

624 Sq Ft

Condos / Townhouses

$244.39 / sqft

Built in 1969

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Oven

FlooringTile

Exterior

Exterior FeaturesPlayground, Storage, Courtyard

Building Information

Year Built1969

Stories1

Land Information

APN1102290000002

SubdivisionGeorgetown T/H

Land UseResidential

Legal DescriptionUNIT 2 BLDG I .000910 INT COMMON LAND & ELE GEORGETOWN T/H

Census Tract450100

Assessed Land Value$26,219

Assessed Improvement Value$111,777

Assessment Year2025

About this property

Experience urban living at its best with this 1 bed, 1 bath condo in charming Georgetown, nestled in Houston's prestigious Memorial area. Featuring a cozy kitchen with beautiful granite countertops and breakfast bar, open living/dining space and bedroom retreat with walk-in closet, this condo is a gem. Investors will love the added benefit of a dependable tenant already in place, ensuring immediate rental income. The condo's prime location offers easy access to City Centre, Town & Country Village, I-10, and Beltway 8. Georgetown provides a range of amenities, including 3 pools, playgrounds, a community room, and a dog park. With top-rated Spring Branch ISD schools, this condo is the perfect opportunity for both homeowners and investors to enjoy the best of Houston living.

Investor Tools

$141,000

Estimated Property Value

$0Estimated Mortgage Balance

$141,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$915 /month

Positive

Cash Flow Estimate:

$305 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$149/month

$220/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,087

$137,996

2025

$26,219

$111,777

$137,996

Tax History

Year

Tax Paid

Assessed Value

2024

$1,087

$137,996

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$141,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,340/mo

$220/mo

+$1,120/mo

11.4%

Learn About the Market: Opportunity in Houston

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