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Owner Contacts

$125,000

NAL Estimated Property Value

9029 Gaylord Dr Apt 120, Houston, TX, 77024

Off Market

1 Beds

1 Bath

672 Sq Ft

Condos / Townhouses

$1.64 / sqft

Built in 1978

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Electric Range, Refrigerator, Dishwasher

FlooringCarpet, Tile

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1978

Stories1

Land Information

APN1141880160002

SubdivisionMemorial Grove

Land UseResidential

Legal DescriptionTH 120 BLDG P .0054 INT COMMON LAND & ELE MEMORIAL GROVE CONDO

Census Tract430500

Assessed Land Value$22,190

Assessed Improvement Value$94,597

Assessment Year2025

About this property

Memorial Grove Condominiums is nestled in the heart of Memorial Hedwig Village and walking distance to the park,restaurants,grocery & SBISD schools. Upstairs corner 1 bedroom condominium overloops area pool and has covered parking behind the condo. Recent paint,carpet and updated bright kitchen with white subway tile backsplash, quartz countertops,white appliances, sink & faucets. Small opening from kitchen to the dining area. Open floorplan with living,dining and kitchen flows smoothly. Bathroom renovated with new faucet,tiles in tub/shower. Utility closet has connections for stackable washer/dryer; yet there is an on-site central laundry. Water,trash & basic cable included in rental. Assigned covered parking. Zoned to most popular Memorial schools nearby. Small pets allowable with pet deposit & pet fee of $25. per pet. Tenant occupied, must have an appointment. Landlord will add stackable washer & dryer at rental rate @$1200.

Investor Tools

$125,000

Estimated Property Value

$72,319Estimated Mortgage Balance

$52,681Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$750 /month

Positive

Cash Flow Estimate:

$250 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$110/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$696

$116,787

2025

$22,190

$94,597

$116,787

Tax History

Year

Tax Paid

Assessed Value

2024

$696

$116,787

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$78,749

First

Jan 27, 2022

Feb 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$72,319

$46,681

39%

58%

$473/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,600/mo

$473/mo

+$1,127/mo

15.4%

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