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$139,000

NAL Estimated Property Value

8241 Madera Rd, Houston, TX, 77078

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,110 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.06 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher
FlooringVinyl

Exterior

Lot Size14,706 sqft

Building Information

Year Built1943
Stories1

Land Information

APN0851560000450
Lot Number450
SubdivisionMelbourne Place
Land UseResidential
Legal DescriptionLT 450 BLK 32 MELBOURNE PLACE SEC 3
Census Tract231300
Assessed Land Value$67,991
Assessed Improvement Value$55,751
Assessment Year2025

About this property

Beautiful remodeled house has lots to offer. This 3 bedrooms & 2 baths has new plumbing, electrical and HVAC systems. New LVP flooring throughout the house, tile in bathrooms and shower walls. White shaker style cabinets with granite countertops in kitchen and bathroom. This house sits on a oversized fully fenced lot (15,000 SF) with plenty of space to store equipment. Call to schedule an appointment.

Investor Tools

Property Icon
$139,000
Estimated Property Value
$123,009Estimated Mortgage Balance
$15,991Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,019 /month
Positive
Cash Flow Estimate:
$340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,663
$123,742
2025
$67,991
$55,751
$123,742
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,663
$123,742

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$136,000
No
First
May 11, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,009
$19,991
13%
88%
$816/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$816/mo
+$906/mo
14.9%

City: Houston

8241 Madera Rd | Property Details | No Agent List