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Owner Contacts

$775,000

NAL Estimated Property Value

906 W Melwood St, Houston, TX, 77009

Off Market

2 Beds

2 Bath

1,799 Sq Ft

Single Family Residence

$333.52 / sqft

Built in 1920

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating

AppliancesWater Heater, Disposal, Double Oven, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Oven, Refrigerator, Washer

FlooringTile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size5,201 sqft

Building Information

Year Built1920

Garage Spaces2

Land Information

APN0621240000008

Lot Number8

SubdivisionEast Norhill

Land UseResidential

Legal DescriptionLT 8 BLK 211 EAST NORHILL

Census Tract511400

Assessed Land Value$468,000

Assessed Improvement Value$47,687

Assessment Year2025

About this property

This truly one of a kind home is waiting for you in Houston's Historic East Norhill! Owner has enclosed the attic space! This attic space can be whatever you need it to be! Imagine it as a primary bedroom with ensuite bath, a game room/play room, or a home office/study! The possibilities are endless! You will definitely need to see it to appreciate this space! The owner has custom built the kitchen to include granite counters, lots of cabinet space, vaulted ceilings that open to the attic space upstairs and more! Full size stackable washer and dryer are located in the kitchen behind closed doors (looks like your pantry area), making laundry easy. The owner has also kept the charm of this 1920's home with a beautiful front porch, hardwood flooring and fireplace in the living area. Updated downstairs bath area is wonderful! You will love all the charm this home has to offer! Make an appointment today to see for yourself!

Investor Tools

$775,000

Estimated Property Value

$0Estimated Mortgage Balance

$775,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,650 /month

Positive

Cash Flow Estimate:

$1,550 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$704/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,574

$515,687

2025

$468,000

$47,687

$515,687

Tax History

Year

Tax Paid

Assessed Value

2024

$4,574

$515,687

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$775,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

N/A

+$1,307/mo

2.0%

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