Street View

B+

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1view

Owner Contacts

$396,946

906 Memorial Heights Dr, Houston, TX, 77007

Off Market

2 Beds

3 Bath

1,674 Sq Ft

Condos / Townhouses

$1.37 / sqft

Built in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Garage Available

Heating Central

Cooling

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

FlooringTile, Vinyl

Exterior

Lot Size1,699 sqft

Building Information

Year Built2005

Garage Spaces2

Land Information

APN1220910010022

Lot Number22

SubdivisionMemorial Heights Amend

Land UseResidential

Legal DescriptionLT 22 BLK 1 MEMORIAL HEIGHTS SEC 9 AMEND

Census Tract510201

Assessed Land Value$146,366

Assessed Improvement Value$250,580

Assessment Year2025

About this property

New flooring just installed (April 2021). No carpeting anywhere! Located in sought after Memorial Heights, this townhome is nearby Buffalo Bayou hike/bike trails, the Washington Corridor, Montrose & downtown with great restaurants, grocery, and popular night life spots all very nearby. A few of the interior features include an open living/dining floor plan including a breakfast bar kitchen with gas cooking, stainless steel appliances & granite counter tops. Other features include high ceilings, planation shutters, recessed lighting and a convenient 1/2 bath on the main living level. One bedroom on the first floor and the 2nd on the third floor, perfect for roommates!

Investor Tools

$396,946

Estimated Property Value

$0Estimated Mortgage Balance

$396,946Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,382 /month

Positive

Cash Flow Estimate:

$794 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$787/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,464

$396,946

2025

$146,366

$250,580

$396,946

Tax History

Year

Tax Paid

Assessed Value

2024

$7,464

$396,946

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$396,946

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

N/A

+$1,960/mo

5.9%

Learn About the Market: Opportunity in Houston

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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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