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Owner Contacts

$555,956

NAL Estimated Property Value

8418 Lorrie Dr, Houston, TX, 77025

Off Market

3 Beds

2 Bath

1,720 Sq Ft

Single Family Residence

$1.51 / sqft

Built in 1954

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Oven

FlooringSlate, Tile, Wood

Exterior

Lot Size7,418 sqft

Building Information

Year Built1954

Stories1

Garage Spaces2

Land Information

APN0813020000012

Lot Number12

SubdivisionKnollwood Village

Land UseResidential

Legal DescriptionLT 12 BLK 4 KNOLLWOOD VILLAGE SEC 9

Census Tract413301

Assessed Land Value$313,040

Assessed Improvement Value$242,916

Assessment Year2025

About this property

Discover this charming Knollwood cottage in a prime location near Texas Medical Center, West University, Rice University, and the 610 Loop. Enjoy easy access to hike/bike trails, restaurants, and shops. Convenient to both parking and rail services for TMC. The home features an open-concept layout with a granite breakfast bar, stainless steel appliances, original hardwood floors, and slate tile. Nice floor plan with large bedrooms. Recent upgrades include a privacy fence in the backyard, a concrete patio, roof, double pane windows, recent plumbing, and a sprinkler system. The large backyard is perfect for outdoor entertaining. Landlord covers water/sewer/trash services for added convenience. Don't miss out on this gem!

Investor Tools

$555,956

Estimated Property Value

$331,548Estimated Mortgage Balance

$224,408Estimated Equity

40% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,336 /month

Positive

Cash Flow Estimate:

$1,112 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,148/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,998

$555,956

2025

$313,040

$242,916

$555,956

Tax History

Year

Tax Paid

Assessed Value

2024

$10,998

$555,956

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amerisave Mortgage Corp

Conventional

$369,452

First

Jan 15, 2021

Feb 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$331,548

$224,408

40%

60%

$2,216/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,040/mo

$2,216/mo

$-176/mo

4.4%

Learn About the Market: Opportunity in Houston

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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.

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