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$320,000

NAL Estimated Property Value

9407 Fairdale Ln, Houston, TX, 77063

$324,369 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,229 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.89 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Electric Range, Free-Standing Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size7,475 sqft

Building Information

Year Built1965
Stories1
Garage Spaces2

Land Information

APN0935590000005
Lot Number5
SubdivisionWestmont R/P
Land UseResidential
Legal DescriptionLT 5 BLK 6 WESTMONT R/P
Census Tract432200
Assessed Land Value$127,075
Assessed Improvement Value$152,661
Assessment Year2025

About this property

DON'T MISS OUT! This is the original/one and only owner. 4 bedrooms with 3 FULL bathrooms; mother-in-law suite with a private entrance and an additional den or game room! Formal living and dining, the kitchen has granite, TWO ovens, stainless steel appliances and lots of cabinet space. Roof replaced in 2021. Close proximity to so many shopping and dining options along Westheimer and Gessner, 4 miles to the Galleria, City Centre and Memorial City Mall! Quick access to Westpark, Westheimer and the Beltway gets you around Houston in a zip. Renovate or remodel, whichever you choose this is a fantastic opportunity with a great location. FYI: home needs foundation repair (see attached quote with all the disclosures). Price has been reduced to cover the cost of the repair quote plus an additional $6500 for flooring/sheetrock repair/paint/etc. Seller will do no repairs but will transfer existing foundation warranty to new owner.

Investor Tools

Property Icon
$320,000
Estimated Property Value
$297,099Estimated Mortgage Balance
$22,901Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$324,369
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$617/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,807
$279,736
2025
$127,075
$152,661
$279,736
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,807
$279,736

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Dean Witter Credit Corp
Credit Line (Revolving) / Heloc
$93,000
No
First
Mar 1, 2004
Apr 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,099
$64,901
17%
93%
$2,151/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,550/mo
$2,251/mo
+$299/mo
9.6%

City: Houston

9407 Fairdale Ln | Property Details | No Agent List