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$371,000

NAL Estimated Property Value

938 Memorial Village Dr # 39, Houston, TX, 77024

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,508 Sq Ft
price_per_sqft$248.61 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Free-Standing Range, Dishwasher, Washer/Dryer, Oven
FlooringLaminate, Tile

Exterior

Exterior FeaturesStorage, Courtyard

Building Information

Year Built1978
Stories2
Garage Spaces1

Land Information

APN1103480010011
SubdivisionMemorial Village T/H
Land UseResidential
Legal DescriptionTH 39 BLDG 3 MEMORIAL VILLAGE T/H SEC 1 R/P
Census Tract430700
Assessed Land Value$125,000
Assessed Improvement Value$235,411
Assessment Year2025

About this property

New HVAC September 2025. Gated Community. Well maintained Townhome in the Heart of Memorial! Granite counters in the kitchen. Large window over sink with a view of the courtyard. 2 Inch blinds, Tiled floors on 1st level, New Luxury Vinyl Plank Floors 2nd level (just installed). Half Bath on the 1st floor. French doors from Den to private patio space and 2 car garage with Auto Door Opener. Vaulted ceiling in master. Walking distance to Memorial City Mall, Memorial High School and all the fine Restaurants along the I/10, Bunker Hill corridor. Zoned to excellent Spring Branch Schools.

Investor Tools

Property Icon
$371,000
Estimated Property Value
$193,353Estimated Mortgage Balance
$177,647Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,249 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$465/month
$348/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,722
$360,411
2025
$125,000
$235,411
$360,411
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,722
$360,411

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Houston Fcu
Conventional
$223,200
No
First
Sep 25, 2019
Oct 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,353
$177,647
47%
52%
$1,339/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$1,687/mo
+$223/mo
6.2%

City: Houston