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Owner Contacts

$610,000

NAL Estimated Property Value

915 W Melwood St, Houston, TX, 77009

Off Market

2 Beds

1 Bath

1,027 Sq Ft

Single Family Residence

$511.2 / sqft

Built in 1928

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating Central

Cooling

AppliancesGas Oven, Free-Standing Range, Gas Range, Dryer, Oven, Refrigerator, Washer

FlooringVinyl, Wood

Exterior

Lot Size5,201 sqft

Building Information

Year Built1928

Stories1

Garage Spaces1

Land Information

APN0621170000015

Lot Number15

SubdivisionEast Norhill

Land UseResidential

Legal DescriptionLT 15 BLK 204 EAST NORHILL

Census Tract511400

Assessed Land Value$468,000

Assessed Improvement Value$104,233

Assessment Year2025

About this property

How would you like to live in the middle of the historic district of Norhill Heights! You can! Welcome to 915 Melwood! This almost century old home features 2 bedrooms and 1 bath. A 2 car detached garage and carport complete this picture. With original hardwood floors thru out, this home also features a nice size kitchen with lots of cabinets and counter space. Refrigerator, washer and dryer convey with the sale of this home. Gas log fireplace n the living area. I love the front porch! Perfect for enjoying a cup of coffee in the mornings, a glass of wine in the evenings or just sitting and visiting with the neighbors! Lots of restaurants in the neighborhood! Don't let this one get away! Call today to make an appointment to see this wonderful home!

Investor Tools

$610,000

Estimated Property Value

$950,954Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,660 /month

Positive

Cash Flow Estimate:

$1,220 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$983/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,744

$572,233

2025

$468,000

$104,233

$572,233

Tax History

Year

Tax Paid

Assessed Value

2024

$8,744

$572,233

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prosperity Bank

Unknown

$484,000

First

May 15, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$950,954

N/A

156%

$5,804/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$5,804/mo

$-4,497/mo

2.6%

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