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$551,000

NAL Estimated Property Value

9333 Memorial Dr Apt 208, Houston, TX, 77024

$586,050 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,397 Sq Ft
price_per_sqft$187.73 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1981
Stories1

Land Information

APN1148980020007
SubdivisionThe Memorial Condo
Land UseResidential
Legal DescriptionUNIT 208 FLOOR 2 .01773 INT COMMON LAND & ELE THE MEMORIAL CONDO
Census Tract430102
Assessed Land Value$94,071
Assessed Improvement Value$401,040
Assessment Year2025

About this property

Beautifully appointed second floor Unit 208 with 3 bedrooms, 2.5 baths that offers a peaceful and convenient lock-and-leave lifestyle. This unit comes with 2 assigned underground garage spaces, and storage closet. Exceptional building staff, very friendly and great service, a joy to be around them. Building security with 24-hour concierge service, security, controlled access underground parking, daily trash pickup, a pool, a courtyard, and multiple lounge areas.

Investor Tools

Property Icon
$551,000
Estimated Property Value
$221,200Estimated Mortgage Balance
$329,800Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$586,049
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,306 /month
Positive
Cash Flow Estimate:
$1,102 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$710/month
$2,063/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,761
$495,111
2025
$94,071
$401,040
$495,111
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,761
$495,111

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Credit Line (Revolving) / Heloc
$250,000
No
First
Jun 13, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,200
$308,800
58%
40%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$3,562/mo
$-1,042/mo
5.5%

Learn About the Market: Opportunity in Houston

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Houston

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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9333 Memorial Dr Apt 208 | Property Details | No Agent List