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Owner Contacts

$607,024

NAL Estimated Property Value

903 W Melwood St, Houston, TX, 77009

Off Market

2 Beds

1 Bath

975 Sq Ft

Single Family Residence

$563.08 / sqft

Built in 1920

Property Lead Type:

Absentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

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

FlooringTile, Wood

Exterior

Lot Size5,201 sqft

Building Information

Year Built1920

Stories1

Garage Spaces2

Land Information

APN0621170000018

Lot Number18

SubdivisionEast Norhill

Land UseResidential

Legal DescriptionLT 18 BLK 204 EAST NORHILL

Census Tract511400

Assessed Land Value$468,000

Assessed Improvement Value$139,024

Assessment Year2025

About this property

Wonderful quaint home situated in the heart of Historic East Norhill. You will love the front porch, the gleaming hardwoods, fireplace, remodeled kitchen and bath! Nice size bedrooms, formal living area and dining areas. Wait until you see the kitchen! Your first thoughts will be WOW!!! The kitchen features a ton of storage/cabinets and counter space that you would not realize could be in a home this size! Bead board in the kitchen along with a vaulted ceiling! Since this house is situated on a corner, you have extra yard and a 2 car detached garage. Garage doors on either side of the garage, make for a great pass thru especially when needing to get to the lawn mower and other yard equipment! Don't delay! Make an appointment today to see this one of a kind home!

Investor Tools

$607,024

Estimated Property Value

$403,062Estimated Mortgage Balance

$203,962Estimated Equity

33% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,642 /month

Positive

Cash Flow Estimate:

$1,214 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,211/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,501

$607,024

2025

$468,000

$139,024

$607,024

Tax History

Year

Tax Paid

Assessed Value

2024

$11,501

$607,024

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Envoy Mortgage Ltd

Unknown

$428,000

First

Mar 14, 2023

Apr 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$403,062

$203,962

33%

66%

$2,567/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,567/mo

$-845/mo

3.4%

Learn About the Market: Opportunity in Houston

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